The greater demand for paid childcare services as women's labor force participation increases represents primarily:
A. a decrease in GDP.
B. a switch from market to non-market production.
C. a decrease in economic activity.
D. a switch from non-market to market production.
Answer: D
Economics
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A rise in the price of good A shifts the ________ good B rightward if the cross elasticity of demand between A and B is ________
A) demand curve for; negative B) demand curve for; positive C) supply curve of; negative D) supply curve of; positive
Economics
The figure above shows the market for coffee If the government pays the coffee producers a subsidy and production increases to 30 million pounds per day, the deadweight loss is
A) zero. B) $7.5 million. C) $15 million. D) $10 million.
Economics