The reduction in consumer and producer surplus that results from underproduction is called
A) an internal cost.
B) a deadweight loss.
C) a quantity loss.
D) None of the above answers is correct.
B
Economics
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Other things remaining the same, which of the following is likely to cause a left shift in the supply curve for labor?
A) A decrease in population B) An increase in population C) A decrease in the demand for the final product that the labor is used to produce D) An increase in the demand for the final product that the labor is used to produce
Economics
The forecasting technique, which predicts technological trends and is carried out by a sequential series of written questions and answers is
A) the Delphi method. B) the market research method. C) opinion polling. D) the jury of executive opinion approach.
Economics