All of the following will increase the demand for labor by firms in an industry except

A. an increase in the price of the product produced by the industry.
B. a decrease in the prices of inputs that substitute for labor.
C. an increase in the marginal product of labor resulting from technological change.
D. an increase in the demand for the product produced by the industry.


B. a decrease in the prices of inputs that substitute for labor.

Economics

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The Mexican peso crisis of 1994 and 1995 was directly related to

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See the information in Scenario 4.4. Does the demand curve for Rock and Roll Trivia slope downward?

A) Yes it does. B) No it does not. C) More information is needed to answer this question.

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The free-rider problem arises when: a. goods cease to be scarce

b. goods are produced by the government. c. goods can't be provided exclusively to paying customers. d. the marginal benefit to a private individual outweighs the marginal cost of producing a good.

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Suppose that the hypothetical country of Prairieland suffers from chronic scarcity of its staple grain, wheat.

a. true b. false

Economics