Employers Will Hire More Units of a Resource If the

question 146

Multiple Choice

Employers will hire more units of a resource if the

• A)price of the resource increases.
• B)productivity of the resource increases.
• C)price of the good being produced declines.
• D)price of a complementary resource rises.

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Definitions:

Required Assets

Assets that are necessary for a business or individual to achieve its goals, including tangible and intangible resources.

Long-Term Assets

Assets that will not be converted into cash within one year.

Patents

Legal documents granted by governments giving inventors exclusive rights to their inventions, preventing others from making, using, or selling the invention without permission for a certain period.

Short-Term Assets

Assets that will be converted into cash within one year.