Scientists find that eating corn three times a day will prolong life. This leads to a shift in preferences away from wheat and toward corn. As we move from one equilibrium to another, we can predict that
A. all input markets except land are affected because both products use land as an input.
B. even if they use different technologies, no input markets are affected because they use the same inputs.
C. labor markets are not affected because the wheat industry and the corn industry use laborers to drive tractors.
D. all input markets are affected.
Answer: D
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Which of the following makes up the largest share of M2?
A) M1 B) savings deposits C) small time deposits D) money market mutual fund shares
Which of the following types of markets would be the most likely to maintain a successful collusive agreement?
a. a market with many sellers, many buyers, unstable market demand, and privately negotiated prices b. a market with few sellers, many buyers, stable market demand, and privately negotiated prices c. a market with few sellers, many buyers, stable market demand, and publicized prices d. a market with many sellers, few buyers, stable market demand, and privately negotiated prices e. a market with few sellers, few buyers, unstable market demand, and publicized prices
Only a small proportion of corporate stock owners have incomes under $100,000
Indicate whether the statement is true or false
Fashion trends are a nonprice determinant for demand because
A. they do not affect demand. B. they change the supply of accessories. C. they cause a movement along the demand curve. D. they influence people's tastes and preferences in clothing.