Which of the following will decrease the demand for fast-food burger workers' labor?
A. More people start working two jobs and eat more fast food.
B. The price of pizza, a substitute for burgers, decreases.
C. A new technology allows burgers to be produced faster.
D. Workers get additional training that increases productivity.
Answer: B
You might also like to view...
A decrease in the price level will shift the money demand curve to the ________, causing the nominal interest rate to ________
A) right; increase B) right; decrease C) left; increase D) left; decrease
The concept of Nash equilibrium states that
A) no firm can improve their outcome holding the other firm's actions constant. B) all firms are earning the highest possible profit. C) firms make alternating output decisions. D) None of the above
The optimal level of water and air quality
a. is zero, which is a pollution-free environment b. occurs when the marginal private cost of air quality equals its marginal social cost c. is greater if the marginal social cost curve of air quality shifts downward d. occurs when all negative externalities are eliminated e. eliminates the common pool problem
Which of the following would shift the supply curve for smartphones to the right?
A) an increase in the price of a substitute in production B) an increase in consumer income (assuming that all smartphones are normal goods) C) a decrease in the number of firms that produce smartphones D) a decrease in the price of an input used to produce smartphones