The demand for labor is said to be a derived demand because it comes from the demand for goods that labor produces. Suppose that strawberries are a labor-intensive good. An increase in the price of strawberries will ________ the demand for strawberries, which will ________ the demand for strawberry pickers
A) increase, increase
B) increase, decrease
C) decrease, increase
D) decrease, decrease
A
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An increase in the price level in the economy leads to
A) a leftward shift in the demand for money curve. B) a rightward shift in the demand for money curve. C) a leftward movement along the demand for money curve. D) a rightward movement along the demand for money curve.
A seller who wishes to increase the revenues should always increase the price of the product.
Answer the following statement true (T) or false (F)
In the simple model of multiple deposit creation in which banks do not hold excess reserves, the increase in checkable deposits equals the product of the change in reserves and the
A) reciprocal of the excess reserve ratio. B) simple deposit expansion multiplier. C) reciprocal of the simple deposit multiplier. D) discount rate.
External debt is that portion of the national debt
a. owed to investors outside the United States (foreign investors). b. owed to the Federal Reserve system. c. that the U.S. does not intend to repay. d. owed to U.S. citizens and corporations.