The marginal product of a country's workers falls during winters due to excessive cold. Which of the following is likely to happen in this case, assuming all else equal?
A) The country's labor demand curve will shift to the right in winter.
B) There will be an upward movement along the labor demand curve.
C) The country's labor demand curve will shift to the left in winter.
D) There will be a downward movement along the labor demand curve.
C
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According to the fourth Geneva Convention, willful killing, torture, and inhumane treatment are considered to be
a. war crimes. b. preemptive strikes. c. normative conflicts. d. military interventions.
Which of the following factors will make the demand for a product more elastic?
A) The product has no close substitutes. B) A very small proportion of income is spent on the good. C) A long time period has elapsed since the product's price changed. D) The change in the product's price was unexpected.