Which of the following could increase the supply of labor in the market for cranberry pickers? (i) a change in the preferences of women toward full-time work (ii) an increase in the output price (iii) an increase in the wages paid to apple pickers (iv) a decrease in the wages paid to apple pickers
a. (ii) only
b. (i), (ii), and (iv) only
c. (i) and (iv) only
d. (ii) and (iii) only
c
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Thomas Jefferson strongly influenced the passing of the Land Ordinances of 1785 and 1787
A close study of those ordinances suggests that Jefferson believed in the importance of securing the private rights of individuals to buy, sell and derive income from their land. Indicate whether the statement is true or false
A rational pricing strategy for a profit-maximizing monopolist is
a. price discrimination. b. price segregation. c. synergy pricing. d. average cost pricing.
If the demand for a good decreases because consumer income increases, the good is a(n):
A. inferior good. B. normal good. C. necessity good. D. luxury good.
In 2009, _________ became the world's largest exporter.
A. Germany. B. China. C. Japan. D. Russia.