The demand curve for labor of Coca-Cola manufacturers will shift to the right if the
a. wages of Coca-Cola workers decrease
b. price of Coca-Cola decreases
c. supply curve of Coca-Cola workers shifts to the left
d. price of Pepsi decreases
e. new technology shifts the MPP of Coca-Cola workers to the right
E
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Bondholders have a “prior claim” over stockholders on a company’s earnings or its assets.
Answer the following statement true (T) or false (F)
Approximately what percentage of the world's extinct species became extinct before humans appeared on earth?
A) 1 percent B) 10 percent C) 20 percent D) more than 99 percent
Which of the following is a flow variable?
a. the number of cars registered in the U.S. b. the number of unemployed workers this week c. your total net worth yesterday d. the government debt this year e. a salary of $4,000 per month
The price of a new textbook increased from $100 to $120 in one year, while the price of a used textbook increased by 20 percent. What happened to the relative price of a used textbook?
A) It decreased by 25 percent. B) It increased by 20 percent. C) It remained constant. D) It can't be determined without knowing the nominal price of the used textbook in at least one of the years.