Increased productivity in the agricultural sector during much of the twentieth century shifted the
A) demand curve for farm products rightward.
B) supply curve of farm products leftward.
C) demand curve for farm products leftward.
D) supply curve of farm products rightward.
D
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A document that promises to pay specified sums of money on specified dates and is a debt to the issuer is called
A) a bond. B) depreciation. C) a stock. D) net investment. E) gross investment.
An effective craft union acts as a monopoly
a. demander of labor. b. seller of labor. c. demander of capital. d. seller of capital.
Raiman's Shoe Repair produces custom-made shoes. When Mr. Raiman produces 12 pairs per week, the marginal cost of the 12th pair is $84, and the marginal revenue of the 12th pair is $70 . What would you advise Mr. Raiman to do?
a. shut down the business b. produce more custom-made shoes c. decrease the price d. produce fewer custom-made shoes
Suppose earnings are given by E = $60 + $7(24 ? L), where E is earnings and L is the hours of leisure. How much is this person working if her daily earnings are $116?
A. 12 hours B. 18 hours C. 16 hours D. 8 hours