Demand is a schedule that shows
A) a set of possible prices for a good and the quantities of the good that will be purchased at each of those prices.
B) how much income it takes to afford various quantities of a good.
C) the relationship between the cost of producing a good and the price that sellers will charge.
D) how population changes will affect the amount of a good that is needed.
A
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What is a major cause of negative production externalities associated with the mining and processing of rare earth mineral?
a. Processing of rare earth minerals generates radioactive wastes. b. Rare earth mining is often done in less-developed countries. c. Processing of rare earth minerals is very costly in countries that possess rare earth mineral deposits. d. Processing of rare earth minerals generates air pollutants.
Other things remaining the same, which of the following is likely to happen if an industry introduces a labor-complementary technology in production?
A) There will be a rise in both the wage rate and the employment levels in the industry. B) There will be a fall in both the wage rate and the employment levels in the industry. C) There will be a fall in the wage rate and a rise in the employment levels in the industry. D) There will be a rise in the wage rate and a fall in the employment levels in the industry.