« previous next »

Author Question: During the recession witnessed in early 2001, many firms laid off their employees and downsized. The ... (Read 131 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
During the recession witnessed in early 2001, many firms laid off their employees and downsized. The reason for this decrease in the demand for employees was:
 a. a reduction in the demand for final goods.
  b. a reduction in the prices of final goods.
  c. an increase in the demand for final goods.
  d. an increase in the prices of final goods.
  e. the incompetency and poor performance of the employees.

Question 2

Which of the following is a possible difference between health care and other products?
 a. The demand curve for health care may be steeper than the demand curve for other products.
 b. The demand curve for health care is a horizontal line, whereas the demand curve for other products is downward sloping.
  c. The supply curve for health care is fixed, whereas the supply curve of other products change with a change in its determinants.
  d. The demand for health care is positively related to price, whereas the demand for other products is inversely related to price.
  e. The supply of health care is inversely related to price whereas the supply of other products are positively related to price.


akudia

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Hints of Earth’s Early Appearance Hints of Earth’s Early Appearance
Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ... Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ...
Early Pottery From Japan's Jomon Culture Early Pottery From Japan's Jomon Culture
Early growth of corn (Zea mays), a typical monocot. Early growth of corn (Zea mays), a typical monocot.
Two early Homo skulls Two early Homo skulls
Acanthostega, Early Amphibian Acanthostega, Early Amphibian
Video: Cytotoxic T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library