ECO 100 ECO100 WEEK 5 QUIZ ANSWERS (2020) - STRAYER
Strayer ECO 100 Week 5 Quiz Answers (2020)
1. A straightforward example of a _______________, often used for simplicity, is the interest rate.
2. Are markets always in equilibrium?
3. When consumers and businesses have greater confidence that they will be able to repay in the future, _______________________.
4. Many cooks view butter and margarine to be substitutes. If the price of butter rises, then in the market for margarine:
5. Many economists believe that the trend toward greater wage inequality across the U.S. economy was primarily caused by _____________.
6. Improvements in the productivity of labor will tend to:
7. Since Baltimore passed the first _______________ in 1994, several dozen cities enacted similar laws in the late 1990s and into the 2000s.
8. Whenever there is a surplus at a particular price, the quantity sold at that price will equal:
9. As the __________ substitute for low-skill labor becomes available, the demand curve for low-skill labor will shift to the left.
10. In contrast to goods and services markets, _____________ are rare in labor markets, because rules that prevent people from earning income are not politically popular.
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