This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The interaction of supply and demand explains A) the prices of goods and services but not their ... (Read 241 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The interaction of supply and demand explains
 
  A) the prices of goods and services but not their quantities.
  B) the quantities of goods and services but not their prices.
  C) both the prices and the quantities of goods and services.
  D) neither the prices nor the quantities of goods and services.

Question 2

What is the difference between labor-saving technology and labor-complementary technology?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rosiehomeworddo

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Labor-saving technology is a type of technology that can substitute for existing labor inputs, reducing the marginal product of labor. Conversely, labor-complementary technology is a type of technology that can complement existing labor inputs, increasing the marginal product of labor. The introduction of labor-saving technology shifts the demand curve for labor to the left, whereas the use of labor-complementary technology shifts the demand curve for labor to the right.


londonang

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Participating in religious services is related to better coping skills, less severe stress ... Participating in religious services is related to better coping skills, less severe stress ...
Energies of noncovalent interaction in biomolecules Energies of noncovalent interaction in biomolecules
Two models for enzyme–substrate interaction Two models for enzyme–substrate interaction
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply
Video: Hemodynamics Animation

For a complete list of videos, visit our video library