Which of the following is true about the derived demand for architects?
a. The derived demand for new architects has been rapidly growing in recent years due to the development of powerful and cheap computers and computer-assisted design programs.
b. The derived demand for new architects has been rapidly growing in recent years due to the lack of available architectural design software that is simple, powerful, and inexpensive.
c. The derived demand for new architects has been declining in recent years due to the development of powerful and cheap computers and computer-assisted architectural design software.
d. The derived demand for new architects has been declining in recent years due to the development of powerful and expensive computers and lack of computer-assisted architectural design software.
c
You might also like to view...
If a duopoly has reached the monopoly outcome, a firm can increase its profit if it and it alone ________ its price and ________ its production
A) raises; increases B) raises; decreases C) lowers; increases D) lowers; decreases E) raises; does not change
The amount of cost cutting technical innovation introduced into a production process is a function of:
A) technology only. B) technology and consumer acceptance. C) consumer acceptance only. D) none of the above.
Two goods are substitutes when:
a. an increase in the supply of one good causes the demand for the other good to decrease. b. an increase in the demand for one good causes the price of the other good to decrease. c. an increase in the price of one good causes the demand for the other good to increase. d. an increase in the price of one good causes the demand for the other good to decrease.
In sequential games, the player who moves first:
A. has a first-mover advantage only when he or she is able to make a credible threat or promise to choose a dominated strategy. B. always has a first-mover advantage. C. has a first-mover advantage only when the second mover fails to choose the dominant strategy. D. sometimes has an advantage and sometimes has a disadvantage.