Why is the labor market called a matching market?
A labor market is a matching market, where the value a relationship creates will depend heavily on how well employees and employers meet each others' expectations. In few other markets do individual attributes of buyers and sellers play such important roles. Either party can initiate the unmaking of a match, but only at a cost.
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According to the market demand curve, what would consumers in this market most likely do if the price per pound decreased from $3 to $1?
a. They would decrease their purchases of coffee by about half the amount.
b. They would decrease their purchases of coffee by one third the amount.
c. They would increase their purchases of coffee by more than double the amount.
d. They would increase their purchases of coffee by less than double the amount.
Firms that offer to pay for college tuition for their employees are investing in ________ capital.
A. tangible B. productive C. human D. social
A decrease in the real interest rate leads to
A) an increase in investment demand so that the demand for loanable funds curve shifts rightward. B) a fall in the capital stock. C) an increase in the expected profit. D) a movement downward along the demand for loanable funds curve.
________ in the foreign interest rate causes the demand for domestic assets to shift to the ________ and the domestic currency to depreciate, everything else held constant
A) An increase; right B) An increase; left C) A decrease; right D) A decrease; left