Which of the following will shift the labor demand curve to the right?
A. An increase in the price of a competing, substitute input
B. An increase in the use of factory automation
C. A reduction in the demand for the output produced by labor
D. A reduction in the wage rate
Answer: A
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At equilibrium price and quantity, how much total revenue will bottled water suppliers receive in a given year?
Suppose that the U.S. market for bottled water is modeled as follows: S = MSC = 1 + 0.3Q D = MSB = 5 – 0.1Q, whereQ is billions of gallons per year and MSC and MSB are in dollars per gallon.
Huey and Steve can grow potatoes or tomatoes. The table above shows the pounds of potatoes and tomatoes Huey and Steve can grow in a week. Based on the table, which of the following statements is correct?
A) Steve has a comparative advantage in both potatoes and tomatoes. B) Huey has an absolute advantage in potatoes only. C) Steve has an absolute advantage in both potatoes and tomatoes. D) Huey has an absolute advantage in both potatoes and tomatoes. E) Steve has an absolute advantage in potatoes only.
A ________ pays out cash flows from a collection of assets in different tranches, with the highest-rated tranch paying out first, while lower ones paid out less if there are losses on the underlying assets
A) collateralized debt obligation (CDO) B) adjustable-rate mortgage C) negotiable CD D) discount bond
If the price of the good described in Exhibit 4-1 is $1.60, then an economist would expect the
a. price to decrease to $1.40 b. price to decrease to $1.50 c. quantity supplied to increase to 50 units d. quantity demanded to increase to 80 units e. quantity demanded to increase to 90 units