In less-developed countries, the ________ effect leads to ________.
A. input-substitution; labor intensive production
B. input-substitution; mechanized production
C. output effect; labor intensive production
D. input effect; mechanized production
Answer: A
Economics
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An increase in the supply of corn in Brazil will
A. shift the supply curve of US corn to the right. B. shift the supply curve of US corn to the left. C. shift the demand curve for US corn to the right. D. shift the demand curve for US corn to the left.
Economics
If a city has 3293 unemployed people and 69,884 employed people, then the city's unemployment rate equals
A) 45.0%. B) 4.5%. C) 4.3%. D) 0.45%.
Economics