As price declines, quantity supplied
A. rises.
B. falls.
C. remains the same.
B. falls.
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An example of someone bearing the burden of a negative production externality would be
A) Taylor living downwind from a smelly feedlot where pigs are raised. B) Jess's roommate smokes and she doesn't. C) Lynna's neighbors play loud music late at night. D) All of these are examples of someone bearing the burden of a negative production externality. E) None of these is an example of someone bearing the burden of a negative production externality.
Which of the following is an example of a worker experiencing cyclical unemployment?
A) an assembly line worker who loses his job because of automation B) a worker who quits his job because he does not get along with his boss C) a worker who changes jobs to move closer her family D) a lifeguard who was hired during the summer season is laid off after summer is over E) a freightliner employee that got laid off because of the recession of 2007-2009
The theory of consumer behavior is based on certain assumptions. The set of four basic assumptions includes:
A) completeness. B) transitivity. C) intransitivity. D) Both A and B are correct. E) Both A and C are correct.
Input proportions are usually fixed by technological conditions alone
a. True b. False Indicate whether the statement is true or false