Which of the following scenarios would serve to decrease the demand for unskilled labor in our country?
a. increased productivity gains among the unskilled laborers.
b. increased demand for goods produced by unskilled labor.
c. increased international trade with countries where unskilled labor is more plentiful.
d. increased supply of migrant workers.
C
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The precise terms of each futures contract are
A) negotiated by the long and the short. B) set by the short position. C) set by the long position. D) established by the exchange on which the trade takes place.
Consumer sovereignty refers to a situation in which there is only one "sovereign" consumer deciding what is to be produced in the market
Indicate whether the statement is true or false
What role does population growth play in economic development?
Consider the following scenario: The Kellogg's facility buys corn and makes boxes of cornflakes. The grocer buys those boxes and places them on the shelf. A mother then buys a box for her family. Which of the following would be classified as a purchase of a final good?
What will be an ideal response?