How does the decreasing use of DVD players affect the market for prerecorded DVDs?
A) The demand curve for prerecorded DVDs shifts to the left.
B) The quantity of prerecorded DVDs demanded decreases.
C) The quantity of prerecorded DVDs demanded increases.
D) The demand curve for prerecorded DVDs shifts to the right.
A
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Which of the following is NOT a step involved in optimization in levels?
A) Calculating the total net benefit of each alternative B) Choosing the alternative with the highest net benefit C) Calculating the marginal consequences of moving between alternatives D) Converting all costs and benefits into a common value of measurement
Which of the following is NOT a difficulty with using a piece-rate contract?
A) measuring output B) eliciting the desired behavior C) gaining worker acceptance D) workers taking too much time to achieve a certain task
The liquidity trap is based on the _____ demand for money.
A. overall B. transactions C. precautionary D. speculative
The World Bank seeks to:
A. Provide financial backing for the work of the International Monetary Fund B. Maintain stable exchange rates in the currencies of developing countries C. Assist developing countries in achieving economic growth D. Maximize its profits for its worldwide shareholders