When there is an increase in the wages the banking industry offers accountants, what happens to the supply of accountants available to other industries?
A) The supply to other industries increases.
B) The supply to other industries falls.
C) The supply curve for other industries shifts to the right.
D) no change
Answer: B
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If the real interest rate rises, then the
A) quantity of saving decreases and there is a movement down along the supply of loanable funds curve. B) quantity of saving increases and there is a movement up along the supply of loanable funds curve. C) supply of saving increases and the supply of loanable funds curve shifts rightward. D) supply of saving decreases and the supply of loanable funds curve shifts leftward. E) demand for investment decreases and the demand for loanable funds curve shifts leftward.
In the above, which figure(s) has (have) at least one point at which the slope equals zero?
A) Figure B only B) Figures A and C C) Figure D only D) Figures A, C, and D E) Figures A and D
Gross investment is equal to ________
A) net investment plus depreciation B) net investment divided by depreciation C) net investment minus depreciation D) net investment times depreciation
According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study:
a. is positive. b. outweighs the extra cost. c. exceeds the benefits of the previous hour of study. d. will raise your exam score.