Other things remaining the same, which of the following is likely to happen if there is a decrease in the price of flour products?
A) There will be a decrease in both the wage rate and the employment levels in the flour industry.
B) There will be an increase in both the wage rate and the employment levels in the flour industry.
C) There will be an increase in the wage rate and a decrease in the employment levels in the flour industry.
D) There will be a decrease in the wage rate and an increase in the employment levels in the flour industry.
A
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Gross domestic product (GDP) equals the ________ of final ________ produced within a country during a given period of time.
A. market value; goods and services B. quantity; goods and services C. market value; goods D. market value; services
A change in the quantity demanded of a good is:
A) the outcome of a change in income. B) represented by a shift to a new demand curve. C) the outcome of a change in tastes and preferences. D) represented by a movement along the demand curve.
The demand curve for labor indicates that:
a. as the real wage rate increases, employers will hire more workers. b. as the nominal wage rate increases, employers will hire more workers. c. as the nominal wage rate decreases, the real wage rate increases. d. as the real wage rate increases, employers will hire fewer workers. e. as the real wage rate decreases the nominal wage rate increases.
The cost of capital from different sources is called the weighted average cost of capital
Indicate whether the statement is true or false