The demand for factor inputs:
A. is generally constant across most factor markets.
B. depends upon the markets for the goods that they are used to produce.
C. is independent of how much they contribute to the value of the end product.
D. is referred to as imputed demand.
Answer: B
Economics
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As the price level rises
A. people will want to buy fewer bonds, so the interest rate falls. B. people will want to buy fewer bonds, so the interest rate rises. C. people will want to buy more bonds, so the interest rate falls. D. people will want to buy more bonds, so the interest rate rises.
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The law of one price holds exactly only if
A) buyers have complete information. B) antitrust laws are being enforced. C) it is impossible for buyers to resell the good. D) transactions costs are zero.
Economics