Which of the following is not an example of derived demand?
a. More people want to plant gardens in the spring; therefore, demand for hoes and shovels increases then.
b. Strong ticket sales for a concert cause the producers to schedule an extra show and demand more ushers.
c. Increased use of robots leads to a decrease in demand for labor.
d. The development of alternative fuels made from corn leads to an increase in demand for corn.
e. Increasing demand for music leads to the construction of more recording studios.
C
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Refer to Figure 28-6. If firms and workers have rational expectations, an expansionary monetary policy will cause the short-run equilibrium to move from
A) point B to point A. B) point B to point C. C) point C to point A. D) point A to point B. E) point A to point C.
Private ownership of nearly all of a nation's land, labor, capital, and entrepreneurial ability is common to
A. communism. B. fascism. C. socialism. D. None of these choices are true.