Which of the following will not lead to an increase in the demand for labor for a firm producing automobiles?
A) a decrease in labor productivity
B) an increase in the price of robots that are used to solder parts of the car together
C) an increase in the demand for automobiles
D) an increase in the price of automobiles
Answer: A
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In the United States, leisure is a significant element in developing an accurate measure of
a. national income. b. personal income. c. disposable personal income. d. the standard of living.
If a firm is wondering whether or not it should "buy or make,"
A) it is exploring its horizontal boundaries. B) it is exploring its vertical boundaries. C) it is exploring the boundaries of its network. D) it is considering a "winner-take-all" event.
Perfect competition has all of the following features except
a. large number of firms b. goods that are perfect substitutes c. no barriers to entry d. brand loyalty e. firm has insignificant market share
Retired individuals:
a. Are always harmed by inflation. b. Are almost always helped by inflation. c. Are helped by inflation when it is unexpected. d. Are harmed by inflation when it is expected. e. Could be helped by inflation if their spending patterns are not like the average consumer.