If the price of golf balls increases, what will likely happen to the demand for golf club manufacturing employees?
A) It will increase.
B) It will decrease.
C) It will stay the same.
D) Nothing, the two are not related.
A
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In the short run, if prices were above equilibrium,
a. excess aggregate demand for goods and services would place downward pressure on prices. b. excess aggregate supply of goods and services would place upward pressure on prices. c. excess aggregate demand for goods and services would place upward pressure on prices. d. excess aggregate supply of goods and services would place downward pressure on prices.
Number of CakesVCMCAVCFCTCATC0???50??1?30????2?????503??25???4????155?Table 8.3Table 8.3 presents the cost schedule for Candy's Cakes. If Candy produces one cake, Candy's total variable costs are:
A. $0. B. $30. C. $50. D. $80.
Does the stock market resemble a perfectly competitive market?
A. Yes, the stock market does resemble a perfectly competitive market. B. No, because there are not enough buyers and sellers in the stock market. C. No, because the buyers and sellers in the market lack access to reliable information about prices in the market. D. No, because the products (stocks) in the market are not standardized well enough.
Suppose the economy is operating below the natural level of output. Discuss the arguments for and against using a devaluation in such a situation
What will be an ideal response?