A decrease in the supply of farm tractors will cause all but which of the following ?

Related Mcqs:

An increase in the demand for a firm’s output ?

A. decrease the prosperity of the firm but increases the prosperity of the factors hired by the firm B. decreases the prosperity of both the firms and the factors hired by the firm. C. increases the prosperity of both the firm and the factors hired by the firm. D. increases the prosperity of the firm … An increase in the demand for a firm’s output ?Read More...

Which of the following is not true with regard to workers who have a high value of marginal product? These workers ?

A. have skills that are in relatively scarce supply B. produce output for which there is great demand C. usually have little capital with which to work D. are usually highly paid...

When capital is owned by the firm as opposed to being directly owned by household capital income may take any of the following forms except ?

A. interest B. dividends C. increases in stocks of goods D. retained earnings...

Suppose that a war is fought will biological weapons. The weapons destroy people but not capital. What is likely to happen to equilibrium wages and rental rates after the war when compared to their values before the war ?

A. Wages rise, and rental rates fall B. Wages rise, and rental rates rise C. Wages fall, and rental rates rise D. Wages fall, and rental rates fall...

What will a decrease in the supply of fishermen do to the market for capital employed in the fishing industry ?

A. increase the demand for fishing boats and decrease rental rates on fishing boats B. decreases the demand for fishing boats and increase rental rates on fishing boats. C. decreases the value of the marginal product of fishermen, reduces their wage, and increases employment in the fishing industry D. increase the demand for fishing boats … What will a decrease in the supply of fishermen do to the market for capital employed in the fishing industry ?Read More...