The technical term for changing residences is _____________
a. Mobility
b. Fertility
c. Immigration
d. Adaptation
A
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Netflix, an online DVD rental service, was established in 1997. In 2010, Netflix has more than 10 million subscribers. This technology has ________ in the labor market for computer software programmers
A) decreased demand B) increased supply C) decreased supply D) increased demand
Open market operations tries to target
A) the Federal government budget deficit. B) product prices. C) stock prices. D) the federal funds rate.
The graph below shows demand and marginal cost for a perfectly competitive firm. If the firm is producing 300 units of output, decreasing output by one unit would ________ the firm's profit by ________.
A. increase, $5 B. decrease, $5 C. decrease, $2 D. increase, $2 E. increase, $3
The law of increasing opportunity cost implies that
A) producing additional units of one good results in proportionately smaller reductions in output of the other good. B) producing additional units of one good results in increasing amounts of lost output of the other good. C) the production possibilities curve will be a straight line. D) the society will be producing on its production possibilities curve.