If you were to ask your employer for a raise, which of the following would be your most effective argument?
A) "My marginal product is greater than my current wage."
B) "I am willing to work more hours each week."
C) "Increases in my productivity have resulted in greater revenue and profits for your business."
D) "I have a job offer at another firm that will pay me more than my current wage."
C
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The implementation lag for fiscal policy ________ it is for monetary policy
A) can be much longer than B) is generally much shorter than C) is usually the same as D) There is not an implementation lag for fiscal policy.
Assume the market shares of the six largest firms in an industry are 12 percent each. Calculate the six-firm concentration ratio and Herfindahl-Hirschman index for this industry
What does each of these measures have to say about the degree of concentration in the industry? Explain.
Everything else held constant, during a business cycle expansion, the supply of bonds shifts to the ________ as businesses perceive more profitable investment opportunities, while the demand for bonds shifts to the ________ as a result of the
increase in wealth generated by the economic expansion. A) right; left B) right; right C) left; left D) left; right
Assume the price of beer is $4, the price of pizza is $10 and the consumer's income is $250. Which consumption bundle will NOT be the consumer's choice?
A) A (5 Beers, 5 Pizzas) B) B (0 Beers, 25 Pizzas) C) C (25 Beers, 15 Pizzas) D) None of the above bundles will be chosen.