The demand for labor curve will shift to the left when the demand for a firm's product decreases
a. True
b. False
Indicate whether the statement is true or false
True
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Capitalism and free enterprise are common, and the United States
a. has just begun to move in that direction after years of central planning. b. has gone further in that direction than almost any other country. c. is becoming more "free," but is not as capitalistic as many others. d. is considering a major change to "free up" its economy as many others have. e. is leading the move toward greater central planning and control.
Refer to the above table. Suppose the price of B rises from $18 to $20. What is the cross price elasticity of demand between A and B?
A. +1 B. 0 C. -1 D. -2
Define what is meant by the period known as the short run
What will be an ideal response?
A section of Chapter 13 is called "Who Regulates the Regulators?" This section describes how some
a. pricing rules are chosen b. industries are protected by their regulators c. people are regulators and board members simultaneously d. ICC employees work for the FCC e. railroads captured the CAB