If the population increases, the market demand for most products will:
A. not change.
B. decrease.
C. increase.
D. depend on supply.
Answer: C
You might also like to view...
Productivity growth in the service sector
a. is notoriously difficult to measure. b. is comparable to productivity growth in agriculture. c. has been slow compared with productivity growth in manufacturing. d. Both a and b are correct. e. Both a and c are correct.
Banks historically have used the discount window:
A. often, because its low interest rate can serve as a source of profit for banks. B. only during times of economic boom, when there is a high demand for loans. C. often, because it provides instant access to needed funds for banks. D. sparingly, because it is often seen as a sign of financial trouble for a bank.
As a result of the tax, consumption of this good will decline by
A. 5 units.
B. 10 units.
C. 15 units.
D. quantity consumed will not decline at all.
A mixed strategy means a player:
A. makes random moves in a simultaneous game. B. mixes random moves with nonrandom moves. C. makes random moves in a sequential game. D. mixes optimal and suboptimal moves to confuse her opponent.