If the supply of labor in a purely competitive labor market increases, then the product:
A. Supply curve for a single employer will shift to the right
B. Supply curve for a single employer will shift to the left
C. Demand curve for a single employer will shift to the right
D. Demand curve for a single employer will shift to the left
A. Supply curve for a single employer will shift to the right
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The World Bank makes loans primarily to
A) nations without free markets, such as North Korea. B) developing nations. C) the United States. D) highly developed nations.
When there is a change in the quantity demanded it means that:
A. the hours the customer can buy products each day have increased. B. the number of products in inventory have increased. C. the quantity a consumer is willing to buy changes when the price changes. D. the selling price of the products has not changed.
Velocity is not a constant, and it normally increases when interest rates rise.
Answer the following statement true (T) or false (F)
A tax levied on coal-fired plants that is based on the amount of carbon released in the atmosphere is considered by the firm as a:
A. variable cost. B. fixed cost. C. source of revenue. D. sunk cost.