As the real wage increases, the opportunity cost of working outside the home increases
a. True
b. False
A
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In 2013, ABC Corporation had total earnings of $200 million and 40 million shares of the corporation's stock were outstanding. If the price-earnings ratio for ABC is 20, then what is the price of a share of its stock?
a. $5 b. $10 c. $80 d. $100
A person will become informed on a political issue if
A) it is considered an important issue to society at large. B) he perceives the benefits of becoming informed as greater than the costs of becoming informed. C) it is regularly discussed on television news shows. D) it is regularly written about in the daily newspapers. E) none of the above
Assume individuals consider only the long run effects of changes in future macro variables when forming expectations of future output and future interest rates. Suppose current government spending increases and that individuals expect future government spending to increase. Given this information, we know with certainty that
A) current output and the current interest rate will both increase. B) current output will not change. C) future expected output will decrease. D) future expected output will not change.
A firm increased its production and sales because the firm's manager rearranged the layout of his factory floor. This is an example of
A) investment in human capital. B) economies of scale. C) positive technological change. D) inspired management.