Which of the following cultural events likely increased the demand for the associated product?
A) the banning of cigarette advertising on television
B) the inclusion of Reese's Pieces in the movie E.T.
C) increased environmental awareness about the impacts of sport utility vehicles (SUVs)
D) concerns over "Mad Cow" disease in beef
B
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During the month of May, 10 million workers moved from being classified as "unemployed" to being classified as "employed." As a result
A) the labor force participation rate rose. B) the unemployment rate rose. C) the unemployment rate fell. D) the labor force participation rate fell.
The marginal physical product of labor is defined as
a. a firm's total output divided by total labor input. b. the extra output produced by employing one more unit of labor while allowing other inputs to vary. c. the extra output produced by employing one more unit of labor while holding other inputs constant. d. the extra output produced by employing one more unit of capital while holding labor input constant.
Which of the following is the most likely result when there are economies of scope?
a. outsourcing b. vertical integration c. natural monopoly d. multi-product firms e. adverse selection
An example of a buyer in a financial market would be:
A. families buying new houses. B. students saving for college. C. corporations loaning money to other firm. D. families putting money away for the future.