When the price of a good increases, what would we expect to see in the markets for its substitutes?
A. Higher prices and increased sales
B. Lower prices and increased sales
C. Higher prices and decreased sales
D. Lower prices and decreased sales
Answer: A
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One of the most important changes in the composition of the labor force in the United States has been
A. the major increase in the number of workers who work full-time out of their own homes. B. the drop in the number of men who only work part-time. C. the pattern of increase in the number of women in the labor force. D. the increase in the ratio of male workers to female workers. E. the major increase in the number of men who work in other countries.
What do you think are the most serious obstacles to further progress in the developing world?
What will be an ideal response?
Which of the following is not considered part of M2?
A. small time deposits of less than $100,000 B. money market mutual fund shares C. savings deposits D. large time deposits of more than $100,000
A cartel usually consists of ______.
a. a large group of sellers b. a collection of firms c. a single monopolist d. one firm acting alone