Identify whether each of the following transactions will take place in the factor market or in the product market
a. Graciela buys a Tesla Motors Model X.
b. Lashan works 60 hours a week at a law firm.
c. Tito sells his family's farmland to a housing developer.
d. Tesla Motors increases employment at its Fremont, California plant.
a takes place in the product market.
b, c, and d take place in the factor market.
You might also like to view...
If the British price level rose relative to the Swiss price level, there would be
a. a rightward movement along the supply of Swiss francs curve in the pound-franc market b. a leftward movement along the supply of Swiss francs curve in the pound-franc market c. an increased supply of Swiss francs to the pound-franc market d. a decreased supply of Swiss francs to the pound-franc market e. no change of the supply of Swiss francs curve in the pound-franc market
Suppose that a subsidy is provided for the consumption of good ABC, and the subsidy is different for different units of good ABC (e.g., $10 subsidy on the first unit of good ABC and $7 on the second unit of good ABC, etc.). The demand curve with such a subsidy will lie to the ______________ of the demand curve without a subsidy, __________ parallel to the demand curve without any subsidy.
A. left; but will not be B. left; and will be C. right; and will be D. right; but will not be