Structural unemployment can increase due to all of these except:
A. labor unions.
B. government regulations.
C. unemployment insurance.
D. worker mobility.
Answer: D
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The income per capita of Ruberia in a certain year was 7,240 rubies and the income per capita of U.S. during the same year was $48,000. A bundle of goods that costs 100 rubies in Ruberia has a price of $1,250 in the U.S
Which country has a higher income per capita using PPP?
If the demand elasticity for a product is -2, and a profit-maximizing firm sells the product for $10, its marginal cost must be
A) $5. B) $10. C) $15. D) $8.
Sean Malloy made $360,000 in 2002, the base year. By 2006 he was earning $480,000. If the CPI rose 120 by 2006, how much were his real wages that year, and by what percentage had they changed?
What will be an ideal response?
____________ is the extra usefulness or satisfaction that a person gets from acquiring one or more unit of a product.
a. marginal utility b. diminishing marginal utility c. income effect d. change in demand