Other things equal, assume consumer demand for children's toys increases. The result is a(n):
a. rightward shift in the market demand for labor curve in the toy industry.
b. increase in the marginal revenue product of firms in the toy industry.
c. increase in derived demand for workers in the toy industry.
d. all of these.
d
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Brazil should be classified as a(n)
A. very poor LDC. B. middle-rank LDC. C. NIC. D. industrial country.
To avoid increasing the national debit, the federal government should increase income taxes. This is an example of a ______.
a. normative statement b. positive statement c. hypothesis d. theory
If quantity supplied is less at each price, we say that there has been
A. an increase in supply. B. an increase in demand. C. a decrease in supply. D. a decrease in demand.
If asset A is significantly more liquid than asset B, then it is _____ costly to convert asset A into cash than it is to convert asset B into cash. Furthermore, it is likely that asset B will be included in the _____ measure of money.
A. more; M1 B. less; M1 C. less; M2 D. more; M2