We would expect that a fall in labor supply will have a proportionately larger effect on the market wage rate when
A) capital goods exist that can replace many of the workers.
B) the product produced in the industry has several close substitutes.
C) the product produced in the industry makes up a large portion of most families' budgets.
D) labor represents a relatively small portion of total costs.
D
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How did the Troubled Asset Relief Program (TARP) help the banks in the U.S. during the financial crisis of 2007-2009?
What will be an ideal response?
The sole proprietor faces a disadvantage of limited liability
Indicate whether the statement is true or false
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to remain the same and monetary base to rise. b. Demand for real goods and services to remain the same and M2 money supply to rise. c. Demand for real goods and services to rise and M2 money multiplier to fall. d. Demand for real goods and services to rise and monetary base to remain the same.
Household spending on education is counted in which component or subcomponent of GDP?
a. consumption of durable goods b. consumption of nondurable goods c. consumption of services d. investment