Regular and organic vegetables are substitutes. A rise in the price of organic vegetables, other things constant, would tend to
A) reduce the demand for regular vegetables.
B) increase the demand for regular vegetables.
C) have no effect on the demand for regular vegetables.
D) have no effect on the quantity demanded of organic vegetables.
A
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Assuming all else equal, if the marginal product of labor rises, ________
A) there is a rightward movement along the labor demand curve B) the labor demand curve shifts to the right C) there is a leftward movement along the labor demand curve. D) the labor demand curve shifts to the left
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to remain the same.
The total income of the country is
A. personal income. B. production income. C. national income. D. net national product.
For any transaction, the sum of consumer surplus and producer surplus is cooperative surplus
Indicate whether the statement is true or false