The introduction of an overnight delivery service that guarantees the delivery of packages anywhere in the world overnight would increase:
A. the labor force participation rate.
B. the share of population employed.
C. the unemployment rate.
D. average labor productivity.
Answer: D
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The demand for an input used in a fixed proportions technology
A) is identical to the demand for the other inputs. B) is greater than the demand for the end product itself. C) lies below the demand for the end product itself. D) is the same as the demand for the end product itself.
When economists speak of markets, they primarily mean: a. places where production of goods and services take place
b. those locations where stocks and bonds of corporations take place. c. mechanisms that coordinate actions of buyers and sellers. d. the trillions of dollars that change hands in the foreign exchange markets.