Why is using coins as money easier than using bars of gold?
a. coins are more durable
b. coins are more portable
c. coins are more uniform
d. coins are more limited in supply
Ans: b. coins are more portable
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How do firms estimate the demand for labor?
What will be an ideal response?
Jake just quit his job as a shoe salesman and is looking for work as an accountant, which is what his college degree is in. Jake would be considered:
A. frictionally unemployed. B. structurally unemployed C. cyclically unemployed. D. Jake is not in the labor force.
If computers and software are complements, then
A) a fall in the price of computers will increase the demand for software and, ceteris paribus, the price of software will rise. B) a rise in the price of computers will decrease the demand for software and, ceteris paribus, the price of software will rise. C) a fall in the price of computers will decrease the demand for software and, ceteris paribus, the price of software will fall. D) a rise in the price of software will increase the demand for computers and, ceteris paribus, the price of computers will rise. E) a fall in the price of software will decrease the demand for computers and, ceteris paribus, the price of computers will fall.
An increase in consumers' demand for espresso will lead to an increase in ________, while an increase in the number of firms producing espresso will lead to a(n) ________.
A. supply; decrease in supply B. supply; increase in quantity supplied C. quantity supplied; decrease in supply D. quantity supplied; increase in supply