Store rents are high in expensive neighborhoods because ________________________.
Fill in the blank(s) with the appropriate word(s).
people, anxious to open stores that will do a lot of business, bid up the rents
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The overall trend in resource prices has been
a. upward. b. downward. c. constant. d. increasing exponentially.
Louise is unemployed due to a decrease in the demand for workers with a knowledge of a certain word processing language. This is an example of:
a. cyclical unemployment. b. frictional unemployment. c. involuntary unemployment. d. structural unemployment.
Suppose that supply increases and demand decreases. What effect will this have on price and quantity?
A. Price will decrease and quantity will increase. B. Price will decrease and quantity will decrease. C. Price will increase and quantity may rise or fall. D. None of the statements associated with this question are correct.
The first major piece of antitrust legislation was the
a. Clayton Act. b. Obama Care Act. c. Sherman Act. d. Clinton Act.