An increase in the demand for a product will cause the
a. demand for and prices of the resources used to produce the product to increase.
b. demand for and prices of the resources used to produce the product to decrease.
c. demand for and prices of the resources used to produce the product to remain unchanged.
d. price of the product to decrease.
A
You might also like to view...
If you overhear a group of people talking about their plans to save for their retirement and one of them says that it causes them to save less because, as they reason it, "the government is saving for me," you would attribute this to the
A. asset substitution effect. B. induced retirement effect. C. slovenly effect. D. bequest effect.
If a nation remains poor over time, it could be that:
a. c and e. b. d and e. c. the population growth rate is at least as much as the national GDP growth rate. d. the per capita real GDP growth rate is larger than the population growth rate. e. the national real GDP growth rate is lower than the population growth rate.
The interest rate is the
a. rate of investment. b. price of credit. c. rate of return on investment in capital goods. d. expected rate of inflation.
Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category
a. True b. False Indicate whether the statement is true or false