Which of the following does not contribute to higher wages?
A. higher prices for the good being produced
B. greater educational attainment by the labor force
C. technological improvements
D. reductions in demand for the good being produced
Answer: D
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A horizontal demand curve for a firm implies that
A) the firm is a monopoly. B) the market the firm is operating in is not competitive. C) the firm is selling in a competitive market. D) the products of that firm are very different from other firms' products.
An increase in demand for a product will cause the price of the product to rise and supply of the product to increase.
Answer the following statement true (T) or false (F)
What are net exports? How will an appreciation of the peso affect Mexico's net exports?
What will be an ideal response?
If the price of leather (an input for leather shoes) increases, the equilibrium price of leather shoes will increase and the equilibrium quantity of leather shoes will decrease
a. True b. False