A firm's demand for labor is derived in part from
A. the value of the firm's stock price.
B. consumer demand for the firm's product.
C. worker preferences for jobs.
D. the level of monthly union dues.
E. the firm's sunk costs.
Answer: B
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Everything else held constant, an increase in currency holdings will cause
A) the money supply to rise. B) the money supply to remain constant. C) the money supply to fall. D) checkable deposits to rise.
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country B could potentially make would be:
A. (400 iPods, 2,000 tablets). B. (300 iPods, 500 tablets). C. (200 iPods, 1,500 tablets). D. (100 iPods, 2,000 tablets).
The manner in which one oligopolist reacts to a change in price, output, or quantity on the part of another oligopolist in the industry is known as
A) a positive-sum game. B) the reaction function. C) a noncooperative game. D) a zero-sum game.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.