Providing a fixed number of workers with additional capital will ________ average labor productivity at a(n) ________ rate.
A. increase; decreasing
B. decrease; decreasing
C. increase; constant
D. increase; increasing
Answer: A
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If good growing conditions increase the supply of strawberries and hot weather increases the demand for strawberries, the quantity of strawberries bought ________
A) increases and the price might rise, fall or not change B) increases and the price rises C) doesn't change and the price falls D) doesn't change and the price rises
Due to adverse selection, very few lemons will be sold in the market for used cars
Indicate whether the statement is true or false
An indication that Insurance companies anticipate adverse selection is
a. they do not require a deductible b. they classify clients into different risk types according to their claim history c. they do not classify clients into different risk types according to pre-existing conditions d. they do not require a co-payment
A firm's resource at a given point in time can be defined as:
a. those investments made by it in profitable organizations. b. those tangible and intangible assets attached to it semipermanently. c. its ability to control the market price. d. its lobbying ability built over years of experience.