If all persons had identical preferences and productivity factors (ability, skill level, education, experience, etc.), the highest paying jobs would be the most
a. easily learned.
b. undesirable.
c. convenient.
d. prestigious.
b. undesirable.
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A bank that maintains high NSF fees might also have relatively __________ loan rates, both part of a strategy to attract __________-than-average borrowers
A) low; safer B) low; riskier C) high; safer D) high; riskier
Suppose we were analyzing the pound per Swiss franc foreign exchange market. If Switzerland's real GDP rises relative to England and nothing else changes, then the:
a. The supply of Swiss francs in the foreign exchange market rises and the Swiss franc depreciates. b. The demand for Swiss francs in the foreign exchange market rises, and the Swiss franc appreciates. c. The supply of Swiss francs in the foreign exchange market rises and the Swiss franc appreciates. d. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market falls, causing the Swiss franc to rise in value. e. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing the Swiss franc to depreciate.
In the above figure, the firm will shut down if quantity falls below
A. A. B. B. C. C. D. D.
A firm that was initially a monopsonist, but now has to buy from a competitive resource market will:
a. buy more amount of resources and pay a higher price for these resources. b. buy the same amount of resources and pay a higher price for these resources. c. buy less amount of resources and pay a lower price for these resources. d. buy less amount of resources and pay a higher price for these resources. e. buy more amount of resources and pay a lower price for these resources.