The demand for rocket scientists is inseparably linked to the supply of __________
Fill in the blank(s) with correct word
rockets
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As the relative price paid to a resource in a particular use rises,
a. resources will be drawn from lower-valued uses to higher-valued uses b. resources will be drawn from higher-valued uses to lower-valued uses c. resources will generally remain where they are currently employed d. the supply of that resource will shift to the right e. the supply of that resource will shift to the left
Assuming that the demand for a good has increased and the supply of a good has decreased by the same amount, then: a. The change in price is determinate but the change in quantity is indeterminate. b. The change in quantity is determinate but the change in price is indeterminate. c. Both the change in price and the change in quantity will be indeterminate
d. Neither the change in price nor the change in quantity will be indeterminate.
If an economy has been operating below its potential output level,
a. frictional unemployment is too high b. more individuals should begin entering the labor force c. the government should create more jobs d. unemployment is likely rising. e. the production possibilities frontier will shift
Kaitlyn purchased one share of Northwest Energy stock for $200; one year later she sold that share for $400 . The inflation rate over the year was 50 percent. The tax rate on nominal capital gains is 50 percent. What was the tax on Kaitlyn's capital gain?
a. $50 b. $75 c. $100 d. $200