When unions or legislation makes it necessary for a firm to pay higher wages,
A) efficiency declines.
B) income is transferred from wealthy people to poor people.
C) the marginal value of retained employees falls.
D) the marginal value of retained employees rises.
E) total purchasing power increases.
D
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When the government runs a large deficit,
A) the supply of loanable funds will shift rightward. B) the supply of loanable funds will shift leftward. C) the demand for loanable funds will shift rightward. D) the demand for loanable funds will shift leftward. E) taxes must rise.
Corporations obtain funds when their previously issued stock is traded.
Answer the following statement true (T) or false (F)
If the price of mozzarella cheese (an ingredient in pizza) declines, there would be:
What will be an ideal response?
The price of a loaf of bread is $1.50, the price of a gallon of milk is $3.00, and the price of a pound of butter is $2.40. The price of a loaf of bread relative to a gallon of milk is ________, while the price of a gallon of milk relative to a pound of butter is ________.
A. 2.0; 0.8. B. 0.5; 1.25. C. 0.5; 0.8. D. 2.0; 1.25.