An increase in supply will cause
a. an increase in demand.
b. a decrease in demand.
c. an increase in quantity demanded.
d. a decrease in quantity demanded.
e. an increase in equilibrium price.
C
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Since 1960, in the United States the labor force participation rate for men has ________ and for women has ________
A) not changed; increased B) increased; increased C) increased; decreased D) decreased; decreased E) decreased; increased
A point inside a production possibilities curve reflects:
a. the law of increasing costs. b. technological innovation. c. less than full use of resources and technology. d. economic efficiency. e. a way to increase future economic growth.
The common currency of the Economic Monetary Union is the
a. franc. b. pound. c. euro. d. mark.
An increase in market demand will cause an increase in industry output in the long run because
a. new firms enter the industry. b. new firms enter the industry and all firms increase their output. c. all firms decrease their output but more new firms enter. d. no firms enter but the existing firms increase their output.