Refer to the diagram. An industrial union could maximize employment by negotiating a wage rate of:
A. W 4 .
B. W 3 .
C. W 2 .
D. W 1 .
C. W 2 .
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An increase in the price of a loaf of bread will
a. cause the budget constraint to rotate outward b. reduce the minimum number of loaves any individual consumer can purchase c. increase the minimum number of loaves any individual consumer can purchase d. increase the maximum number of loaves any individual consumer can purchase e. reduce the maximum number of loaves any individual consumer can purchase
Camp Company had total earnings of $600 million in 2013, out of which it retained 20 percent for future investments. In 2013, its stock featured a dividend yield of 4 percent and 100 million shares were outstanding. The price-earnings ratio for Camp Company stock was
a. 5. b. 150. c. 20. d. 25.
Holding all else constant, a country's standard of living will rise if its
A. nominal GDP grows at a faster rate than real GDP. B. nominal GDP grows at a slower rate than real GDP. C. the rate of population growth exceeds the rate of growth of real GDP. D. the rate of population growth is less than the rate of growth of real GDP.
Refer to the data. Personal consumption expenditures:
A. cannot be calculated.
B. are $231.
C. are $225.
D. are $205.