A sharp rise in the price of oil from the fall of 2007 to the summer of 2008 led to a decline in the demand for large cars. This decline in demand for an output,
A. led to a decline in the derived demand for autoworkers.
B. led to a increase in the derived demand for autoworkers.
C. had no impact on the derived demand for autoworkers.
A. led to a decline in the derived demand for autoworkers.
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For a rational consumer, the consumer’s surplus will never be a negative number.
Answer the following statement true (T) or false (F)
Managers should maximize
A) social accountability. B) the health and welfare of the employees. C) market share. D) none of these choices.
A recession is a period during which
a. aggregate demand, production, and unemployment rises. b. aggregate demand, production, and unemployment falls. c. aggregate demand, production, and unemployment remain the same. d. aggregate demand and production rises while unemployment remains the same. e. aggregate demand and production falls while unemployment rises.
Why is the scrotum located outside the body?
A. The atmospheric temperature is lower and is essential for sperm production B. The vas deferens provides a longer pathway for the maturation of sperm C. To keep the testes away from the infective potential of the digestive system D. To protect the testes from abdominal trauma