Assume men, on balance, have lower amounts of human capital than women have. Then we would expect
a. the demand for female labor to be lower than the demand for male labor.
b. the demand for female labor to be higher than the demand for male labor.
c. the supply of female labor to be lower than the demand for male labor.
d. the supply of female labor to be higher than the supply of male labor.
b
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Which of the following are components of fiscal policy?
a. Transfer payments only b. Money supply and government purchases c. Government purchases only d. Government purchases, transfer payments, and taxes e. Taxes and money supply
This graph shows three different budget constraints: A, B, and C.
If Joe has budget constraint C in the graph shown, what is the relative price of three gallons of milk?
A. $12 B. 4 cases of soda C. $9 D. 2 cases of soda
By connecting the cost minimizing input bundles, we get the _______________
Fill in the blank(s) with the appropriate word(s).
When disposable income is extremely low,
A. autonomous consumption is greater than induced consumption. B. induced consumption is greater than autonomous consumption. C. autonomous consumption is equal to induced consumption. D. autonomous consumption is rising.