A noncompeting labor market is best illustrated by the market for
a. fast food workers
b. high school teachers
c. automobile workers
d. concert violinists
e. insurance salespeople
D
Economics
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The above figure shows the market for oil. Because of the development of a new deep sea drilling technology the
A) demand curve shifts from D1 to D2 and the supply curve does not shift. B) demand curve shifts from D1 to D2 and the supply curve shifts from S1 to S2. C) demand curve does not shift, and the supply curve shifts from S2 to S1. D) demand curve does not shift, and the supply curve shifts from S1 to S2.
Economics
An overall fall in prices in the economy is called:
A. inflation. B. deflation. C. core inflation. D. core deflation.
Economics