An increase in the demand for a product will shift the demand curve for labor producing the product to the left
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Suppose you can earn 5 percent on your savings account if you deposit $500 in it. The inflation rate is 3 percent. The opportunity cost of holding the $500 as money is
A) $100. B) $525. C) $80. D) $30. E) $25.
Explain why the long-run average cost is typically U shaped.
What will be an ideal response?
Two goods, X and Y, are called substitutes if
a. an increase in PX causes more Y to be bought. b. an increase in PX causes less Y to be bought. c. an increase in PY causes less Y to be bought. d. an increase in income causes more of both X and Y to be bought.
_______________ are inputs or ingredients mixed together by a firm through its technology to produce output
Fill in the blank(s) with the appropriate word(s).