A technological change would cause a shift of the demand curve for inputs.
Answer the following statement true (T) or false (F)
True
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John makes it a point to save a portion of his salary every month. Assuming all else equal, if the real interest rate increases, it is likely to cause:
A) a downward movement along John's credit supply curve. B) John's credit supply curve to shift to the left. C) John's credit supply curve to shift to the right. D) an upward movement along John's credit supply curve.
Refer to the scenario above. Which of the following is likely to happen if Rita confesses while Mike does not confess?
A) Both of them will be let free. B) Rita will be let free while Mike will be suspended. C) 10 points will be deducted from their respective scores. D) 10 points will be deducted from Mike's score while Rita will be suspended.
During the 20th century, U.S. death rates
(a) exhibited the same cyclical waves as birth rates. (b) fell with advancements in healthcare and medicine. (c) exhibited an upward trend. (d) generally stayed flat.
In the long run, new firms can enter an industry and so the supply elasticity tends to be
A) more elastic than in the short run. B) less elastic than in the short run. C) perfectly elastic. D) perfectly inelastic.