If the demand for pizza increases, then as a result, it is highly likely that the demand for:
A. soda will increase.
B. mozzarella cheese will increase.
C. chicken nuggets will fall.
D. All of these are a likely result.
Answer: B
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When the price of the good or service it produces rises, the firm's
A) demand for labor curve shifts rightward. B) demand for labor curve shifts leftward. C) demand for labor curve remains unchanged. D) output decreases.
People are forced to make choices because of:
a. unlimited wants and unlimited resources. b. limited wants and unlimited resources. c. unlimited wants and limited resources. d. limited wants and limited resources. e. irrational wants and limited resources.
Markets require a physical location to permit sellers to supply money to buyers for goods and services.
Answer the following statement true (T) or false (F)
The intellectual leader of new classicals is
A) Edward Prescott. B) John Taylor. C) Stanley Fischer. D) Ben Bernanke.