If the demand for the finished product increases, the:
a. demand for the resources will increase.
b. demand for the resources will decrease.
c. marginal factor cost will increase.
d. marginal factor cost will decrease.
e. MP will increase.
a
You might also like to view...
Higher future living standards require:
A. increased rates of current consumption. B. increased rates of population growth. C. reduced rates of current consumption. D. reduced rates of current investment.
________ in the expected future domestic exchange rate causes the demand for domestic assets to decrease and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
The IS curve ________ when the real interest rate increases
A) shifts to the right B) shifts to the left C) shifts up D) all of the above E) none of the above
Which of the following is true of opportunism?
a. Opportunism increases the possibility that a party can gain by disregarding the contract. b. Opportunism lowers the cost of negotiation between parties when the contract is incomplete or unclear. c. Opportunism allows parties to maximize the value of their transactions. d. Opportunism leads to mutually beneficial outcomes.