If the government raises income taxes, then the labor
A) supply curve shifts rightward.
B) demand curve shifts leftward.
C) demand curve shifts rightward.
D) supply curve shifts leftward.
E) Both answers B and D are correct.
D
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Which of the following statements is TRUE about the market and individual firm's supply curve for labor?
A) The market supply curve is perfectly elastic and the individual firm's supply curve is perfectly inelastic. B) The market supply curve is perfectly inelastic and the individual firm's supply curve is perfectly elastic. C) The market supply curve is more elastic than the firm's supply curve. D) The market supply curve is more inelastic than the firm's supply curve.
The marginal cost of hiring the 7th worker is
a. $400 b. $1000 c. $200 d. $0
Which of the following students would be most likely to drop out of college before completing their degree? Select one:
a. a senior physics major with a solid B average b. a junior secondary education major who has just read about the substantial improvement in the job opportunities available for teachers with a college degree. c. an outstandingbaseball player in his junior year that just received a $500,000 offer from a professional team d. a junior economics major who wants to attend law school
For this question, assume that the interest rate is greater than 0. Given this information and the information about the payments provided below, rank the following three sequences of payments according to their present value "A" "B" "C" 2005 $190 $200 $210 2006 $200 $200 $200 2007 $210 $200 $190
A) A > B > C B) A > C > B C) C > B > A D) C > A > B E) B > A > C