Consider the following events: I. Samsung hires associates to ...

[mikaylakyoung]

Consider the following events:
 
  I. Samsung hires associates to market their HDTV sets to Best Buy.
  II. The Dallas Cowboys build a new football stadium.
  III. eBay fires 10 percent of its workforce.
  IV. Ten million stocks were traded on the New York Stock Exchange in one day.
  V. Pennsylvania builds a new state park.
 
  Which of the events describe use of factors of production?
  A) I, II, III, and V
  B) II, IV, and V
  C) I and III only
  D) IV only

Question 2

Suppose the equilibrium price for soft drinks is 1.00. If the current price in the soft drink market is 1.25 each
 
  A) there will be a surplus of soft drinks.
  B) there will be a shortage of soft drinks.
  C) the supply curve of soft drinks will shift leftward.
  D) the demand curve for soft drinks will shift leftward.

[parker125]

Answer to Question 1

A

Answer to Question 2

A