If cats become a more popular pet in the United States than dogs, what can we expect to happen to the market for cat food workers?
a. MP increases.
b. MRP increases.
c. MP decreases.
d. MRP decreases.
e. Wage decreases.
b
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The phrase, "Google stock soared Friday, continuing Wall Street's love affair with the company," implies that Google's earnings were much more than it was expected in that quarter
a. True b. False Indicate whether the statement is true or false
All else equal, at what interest rate would the PDV of a lottery prize that pays $1,000,000 today and $1,000,000 each year for the next 19 years be equal to $10,000,000?
A. 5.26% B. 7.75% C. 8.92% D. 50.00%
Consider the linear downward-sloping demand curve and the concept of elasticity. Which of the following statements is true?
a. As quantity demanded increases, so does buyers' sensitivity to price. b. When the price elasticity of demand is 1, consumers are indifferent to price changes. c. The ratio of price to quantity demanded measures the price elasticity of demand. d. As the price of a good increases, the price elasticity of demand increases. e. When an individual buys more of a good, his or her price elasticity of demand for the good increases.
To what factors do demographers attribute the decline in birthrates? How has the economic view of children changed?
What will be an ideal response?