Suppose that the labor market for high school chemistry teachers is initially in equilibrium. Chemistry teachers use laboratory chemicals as an important part of their jobs. New environmental regulations ban the use of many chemicals, which means that fewer laboratory chemicals are available for high school chemistry teachers to use in their jobs. In the market for high school chemistry teachers,
the equilibrium wage
a. increases because the marginal productivity of high school chemistry teachers increases.
b. decreases because the marginal productivity of high school chemistry teachers decreases.
c. increases because the supply of high school chemistry teachers increases.
d. decreases because the supply of high school chemistry teachers decreases.
b
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The Federal Reserve System controls the money supply by ________.
A. making loans to private borrowers B. changing the amount of reserves the banking system has available C. making loans to the Treasury D. issuing currency
An open economy is one that trades with other nations in goods and services, and perhaps also trades in financial assets.
Answer the following statement true (T) or false (F)
Discuss the relationship between poverty, growth and the environment
What will be an ideal response?
A pollution haven is
A) a place where people actually like pollution and view it as a positive externality. B) a location with weak environmental rules that attracts manufacturing companies due to decreased costs. C) a place that has very low worker wages. D) unattractive for multinational investment because of the ambient pollution.