Fears of an impending civil war in Baltonia have reduced the confidence of potential investors. Assuming all else equal, which of the following is likely to happen in this case?
A) The consumption expenditure in Baltonia will rise.
B) The equilibrium real wage in Baltonia will rise.
C) The supply of labor in Baltonia will fall.
D) The demand for labor in Baltonia will fall.
D
Economics
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According to the principle of marginal productivity, the quantity of an input demanded depends on the
a. price of the input. b. price of outputs in which the input is used. c. technology of production. d. All of the above are correct.
Economics
If, as price increases by 10 percent, total revenue decreases by 10 percent, demand is
A. elastic. B. unit elastic. C. inelastic. D. perfectly inelastic.
Economics