In the market for birth control devices, if the number of women of child-bearing age decreases, the
A. supply curve will shift to the right.
B. demand curve will shift to the left.
C. supply curve will shift to the left.
D. demand curve will shift to the right.
Answer: B
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A solution to the budget-gaming problem is
a. Introduce milestones or kinks in the compensation scheme b. Use a straight line pay for performance function c. Base compensations on meeting particular budget goals d. All of the above
Willis knows that the price of real estate in his city will rise significantly in a few years because many multi-national companies are setting up new offices. He decides to invest a major portion of his income in buying real estate now. This is an example of _____
a. absolute advantage b. rational expectations c. adaptive expectations d. sticky wages
A business organization owned by a group of people for their mutual benefit:
a. a cooperative b. a labor union c. a limited liability partnership d. a professional organization
Because the products of firms in a monopolistically competitive market are NOT homogeneous, the
A. demand curve for the firm's product is downward sloping. B. demand curve for the firm's product is horizontal. C. demand curve for the firm's product is upward sloping. D. demand curve for the industry is the same for the firm.