Other things remaining the same, which of the following is likely to increase both the wage rate and the number of workers hired in a rice farm?
A) An increase in the price of rice
B) A decrease in the price of rice
C) A decrease in the population in the area where the farm is located
D) An increase in the population in the area where the farm is located
A
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Based on the information in the table, what is the unemployment rate?Population 16 and older1,000,000Participation Rate80%Employed Workers720,000
A. 10.0% B. 8.0% C. 28.0% D. 7.2%
Comparing a pure monopoly and a purely competitive firm with identical costs, we would find in long-run equilibrium that the pure monopolist's:
A. price, output, and average total cost would all be higher.
B. price and average total cost would be higher, but output would be lower.
C. price, output, and average total cost would all be lower.
D. price and output would be lower, but average total cost would be higher.
The most likely advocates for a monetary rule would be:
A. Monetarists B. Real-business-cycle theorists C. Mainstream economists D. Supply-side economists
According to Kantian theory on ethics:
A. an act is ethical if and only if it promotes the individual's long-term interests. B. good deeds often result in bad outcomes. C. an act is ethical if it produces the greatest possible balance of good over bad for everyone affected by it. D. only good deeds matter.