Which of the following would NOT change demand?
A) the price of the product
B) information about the product's health effects
C) the income of the consumers
D) the price of related products
A
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Suppose a new employee is promised a pension payment of $8000 in the twenty-fourth year after joining the firm. The current pension contribution is $2000 a year. Assuming a six percent rate of return, this pension plan is said to be
A) fully funded. B) partly funded. C) unfunded. D) fully vested.
Refer to the above figure. The equilibrium level of real Gross Domestic Product (GDP) is
A) $6 trillion. B) $7 trillion. C) $12 trillion. D) $20 trillion.
Why is the unemployment rate among teenage workers so much higher than other workers?
a. They have little education. b. They take unskilled jobs. c. They are the first laid off when the economy slows down. d. All of the above are reasons why the unemployment rate is so much higher among teenagers.
Improved training of employees would:
a) Shift aggregate supply outwards at each price b) Shift aggregate supply inwards at each price c) Shift aggregate demand outwards at each price d) Shift aggregate demand inwards at each price