A U.S. firm produces nail guns in the first quarter of 2010 and adds them to its inventory. In the second quarter of 2010 the firm sells the nail guns to a U.S. construction company. In which quarter(s) is (are) GDP higher?
a. the first and the second
b. the first but not the second
c. the second but not the first
d. neither the first nor the second
b
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A tax levied on each unit of pollution is
A. an income tax. B. a emissions fee. C. a flat tax. D. an international tax.
The diagram to the right shows a hypothetical demand curve for apples. The slope of this curve is _____
Fill in the blank(s) with the appropriate word(s)
________ are documents that represent agreements between two or more parties about rights to payments of money
Fill in the blank(s) with correct word
Which of the following summarizes the impact of population growth on the labor market?
A) This will increase the labor supply, reduce the equilibrium wage and increase the quantity of labor demanded. B) There will be an increase in both the demand for labor and the supply of labor. As a result, the equilibrium wage will not change. C) There will be an increase in the demand for labor. As a result, the wage rate will rise and the quantity of workers supplied will decrease. D) There will be an increase in the demand for jobs. This will result in an increase in the equilibrium wage rate and a movement along the labor supply curve.