Large in-kind benefits tend to increase the incentive to seek employment.
Answer the following statement true (T) or false (F)
False
Large in-kind benefits tend to decrease the incentive to seek employment because the benefits diminish the need to work.
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Which of the following would lead to a rise in demand for recordable DVDs by students?
a. An increase in the number of DVD manufacturers. b. A decrease in the price of DVD recording devices. c. A decrease in the price of the DVD making machinery. d. A cut in the number of student workers hired by the university, lowering student incomes.
If a firm has increasing returns to scale at all levels of output, then the
A. marginal cost for the firm declines over the entire range of output. B. average cost for the firm declines over the entire range of output. C. fixed costs of operation diminish to zero. D. production technology is optimized.
Which of the following will cause a movement along the aggregate demand curve?
a. A decrease in the price level b. An increase in government purchases c. A decrease in taxes d. An increase in investment spending e. An increase in the interest rate
The profit maximizing combination of resources
A) usually involves more of each input hired than the cost minimizing combination of resources. B) usually involves less of each input hired than the cost minimizing combination of resources. C) usually involves hiring more of some resources and less of other resources than the cost minimizing combination of resources. D) is also the cost minimizing combination of resources.