The price of electricity consumption increased in a country. Since electricity is used for the production of various goods and services, this will lead to a ________, assuming all else equal
A) rightward shift of the labor demand curves of firms
B) upward movement along the labor demand curves of firms
C) leftward shift of the labor demand curves of firms
D) downward movement along the labor demand curves of firms
C
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Using an example, explain the difference between a labor-intensive technology and a capital-intensive technology
What will be an ideal response?
According to Keynes, the consumption-income relationship is shown as C = a + bYD. Therefore, the saving-income relationship is
a. S = a + (1 ? b)YD. b. S = ? a + (1 ? b)YD. c. S = a + (1 ? b)/YD. d. S = ? a + (1? b)/YD.
If Daniel has budget constraint C in the graph shown, what would cause it to shift to budget constraint B?
This graph shows three different budget constraints: A, B, and C.
A. An increase in the price of milk
B. A decrease in the price of soda
C. An increase in the price of soda
D. None of these changes alone could cause a shift from C to B.
Owners of corporations are referred to most frequently as
a. entrepreneurs b. lien holders c. limited partners d. managers e. stockholders