Which of the following is related to the additional revenues business owners expect to enjoy as a result of hiring the employee?
A. the signing bonus for Saul Goodman, a new attorney at the Hamlin, Hamlin, and McGill law firm
B. the wages for Wendy Peffercorn, a cashier at the Piggly Wiggly
C. the salary of Dallas Mavericks' player Dirk Nowitski
D. All of the above are correct.
Answer: D
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Refer to Scenario 17.1. If the threshold educational level y* is set at 7,
A) only individuals in Group A will attain it. B) only individuals in Group B will attain it. C) individuals in both groups will attain it. D) no individuals will attain it. E) some fraction of individuals in each group will attain it.
Suppose you transfer $1,000 from your checking account to your savings account. How does this action affect the M1 and M2 money supplies?
a. M1 and M2 are both unchanged. b. M1 falls by $1,000 . and M2 rises by $1,000. c. M1 is unchanged, and M2 rises by $1,000. d. M1 falls by $1,000 . and M2 is unchanged.
When the Fed conducts open-market operations, it primarily uses
a. Treasury bills. b. long-term U.S. government bonds. c. bonds of publicly traded corporations. d. overnight loans of major banks.
Figure 4-25
Refer to . Consumer surplus before the tax was levied is represented by area
a.
A.
b.
A + B + C.
c.
D + E + F.
d.
F.