Refer to the diagram. The most likely cause of a shift from AB to CD would be a(n):
A. increase in productivity.
B. increase in the price level.
C. decrease in the size of the labor force.
D. recession.
A. increase in productivity.
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Haiti was once a heavily forested country. Today, 80 percent of Haiti's forests have been cut down, primarily to be burned to create charcoal. The reduction in the number of trees has lead to devastating floods when it rains heavily
This is an example of A) human greed. B) the consequences of not having a market economic system. C) the tragedy of the commons. D) tragic externalities.
Thrift institutions include
A) banks, mutual funds, and insurance companies. B) savings and loan associations, mutual savings banks, and credit unions. C) finance companies, mutual funds, and money market funds. D) pension funds, mutual funds, and banks.
Which of the following events would increase producer surplus?
a. Sellers' costs stay the same and the price of the good increases. b. Sellers' costs increase and the price of the good stays the same. c. Sellers' costs increase and the price of the good decreases. d. All of the above are correct.
According to the text, minimum-wage laws cause increases in
A. productivity. B. employment possibilities. C. poverty. D. structural unemployment.