Multiple Choice
If the demand for widgets decreases, this will:
A) increase the supply of inputs used to produce widgets.
B) decrease the supply of inputs used to produce widgets.
C) increase the demand for inputs used to produce widgets.
D) decrease the demand for inputs used to produce widgets.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: If the marginal income tax rate falls
Q19: Entrepreneurship could best be classified as:<br>A) creative
Q20: The elasticity of labor demand does not
Q21: Existing employees prefer:<br>A) inelastic supplies of labor.<br>B)
Q22: If robotics and factory automation become more
Q24: A reduction in the demand for labor
Q25: The elasticity of labor supply:<br>A) should be
Q26: Which of the following is most likely
Q27: The supply of labor generally is considered
Q28: The labor demand curve:<br>A) shifts out when