Consider the market for feather pillows. If there is an increase in the price of feather dusters, a substitute in production for feather pillows, then
A) there is a downward movement along the demand curve for feather pillows.
B) the supply curve for feather pillows shifts leftward.
C) the price of feather pillows decreases.
D) the demand curve for feather pillows shifts rightward.
E) the demand curve for feather pillows shifts leftward.
B
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Which of the following purchases would be counted as a final good in the GDP calculation?
a. A family's purchase of a used car. b. A speculator's purchase of 100 shares of Apple Computer stock. c. A deli's purchase of bread for making its sandwiches. d. A business's purchase of new office equipment.
The difference between the earnings of construction workers who work on bridges and skyscrapers and those who work on highways is probably due to
A. differences in education requirements. B. ability (mental) differences. C. a compensating differential. D. luck.