Refer to the figure above. What is the equilibrium wage rate and equilibrium level of employment?
A) $35 and 10 units of labor B) $20 and 15 units of labor
C) $15 and 35 units of labor D) $25 and 20 units of labor
D
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What is educational inequality and how is it measured? Why is it important to measure the degree of educational inequality in a country? Explain your answer
What will be an ideal response?
Which of the following conditions during 2008-2009 most closely paralleled the economic conditions of the Great Depression?
a. record-high unemployment rates for a period of many years b. a sharp and prolonged contraction in the money supply c. significant increases in taxes and trade restrictions in order to counter budget deficits d. frequent policy changes that generated an unstable and unpredictable economic climate
Net exports is calculated by subtracting what from exports?
a. aggregate expenditure b. government purchases c. imports d. inventories
Tradable allowances are like quotas in that they both:
A. are efficient. B. reduce the quantity bought and sold to the efficient level. C. maximize surplus. D. All of these statements are true.