Netflix, an online DVD rental service, was established in 1997. In 2010, Netflix has more than 10 million subscribers. This technology has ________ in the labor market for computer software programmers
A) decreased demand
B) increased supply
C) decreased supply
D) increased demand
D
You might also like to view...
Which of the following would be classified as a variable cost for the local Texaco station?
A) interest payments to a local bank for a 5-year loan B) the total wages paid to the workers who are all paid $16.00 per hour, no matter how many hours they work each week C) the premiums paid for liability insurance, which are constant throughout the life of the contract D) the opportunity cost of money used to finance the installation of some new pumps
Universities are able to act as monopsonists in the market for professors because
A) a university usually does not consider hiring faculty members from another institution. B) faculty members usually have to move to a different city when changing universities. C) students like all of their professors. D) senior faculty members are willing to move to a new university at any cost.
In time series regressions, it is advisable to check for serial correlation first, before checking for heteroskedasticity.
Answer the following statement true (T) or false (F)
If the demand for jelly increases, and the price of grapes (used to make jelly) rises:
A. the equilibrium price of jelly rises and the equilibrium quantity of jelly might rise or fall. B. the equilibrium price of jelly falls and the equilibrium quantity of jelly might rise or fall. C. the equilibrium price of jelly falls and the equilibrium quantity of jelly rises. D. the equilibrium quantity of jelly falls and the equilibrium price of jelly might rise or fall.