An increase in the wages paid to fishermen will have what effect on the fish market equilibrium?
A. Price will decrease, and quantity will decrease.
B. Price will increase, and quantity will increase.
C. Price will decrease, and quantity will increase.
D. Price will increase, and quantity will decrease.
Answer: D
Economics
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Using the table above, the labor force participation rate is
A) 83.3 percent. B) 90.0 percent. C) 10.0 percent. D) 11.1 percent. E) 100 percent.
Economics
An economic system that answers the What, How, and For Whom questions using prices determined by the interaction of the forces of supply and demand is a:
a. market economy. b. command economy. c. traditional economy. d. none of these.
Economics