A safety report is released that contends that sport utility vehicles are more prone to roll over during crashes than was previously thought. At the same time, the price of steel (used to produce motor vehicles) increases. The net effect of these two incidents on the market for sport utility vehicles is a(n):
a. decrease in price and an increase in equilibrium quantity

As a result of a fire, a small business owner loses some of her computers and other equipment. If the property of diminishing returns applies to all factors of production, she should expect to see

a. an increase in the marginal productivity of her remaining capital and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining capital and a decrease in the marginal productivity of her labor. c. a decrease in the marginal productivity of her remaining capital and an increase in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining capital and a decrease in the marginal productivity of her labor.

What are the three economic uses of time?

a. Social work, nonmarket work, and leisure b. Nonmarket work, voluntary service, and leisure c. Acquiring skills, voluntary service, and social service d. Market work, nonmarket work, and leisure