Which of the following will cause a shift in the demand curve of labor?
A) an increase or decrease in the productivity of labor
B) an increase or decrease in the demand for the product labor produces
C) a decline in the price of a complementary input
D) all of the above
D
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The price elasticity of supply for toys is 0.36, so that a 1 percent increase in price would generate a
a. 0.36 percent increase in quantity supplied b. 3.60 percent increase in quantity supplied c. 0.36 percent decrease in quantity supplied d. 3.60 percent decrease in quantity supplied e. 1.36 percent increase in quantity supplied
What is a closed shop?
a. No union members may be hired. b. Hiring to the maximum level is complete. c. The employees have rejected the union. d. Only union members can be hired.
Investment spending will increase when
What will be an ideal response?
Which of the following would, other things equal, increase the demand for U.S. farm products?
A. Poorer crops abroad. B. Appreciation of the U.S. dollar. C. Deteriorating trade relations with China and Russia. D. Increases in foreign tariffs on imported farm products.