A decrease in the marginal factor cost of labor will
A. lead to an decrease in the quantity demanded of labor.
B. cause the value of the marginal product of labor to decrease.
C. induce a firm to hire more workers.
D. induce a firm to hire fewer workers.
Answer: C
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In 2008, $1 Canadian cost 0.56 British pounds and in 2010, it cost 0.63 British pounds. Therefore, 1 British pound was worth _____ Canadian in 2008 and _____ Canadian in 2010
a. $1.79; $1.59 b. $1.72; $1.51 c. $1.87; $1.65 d. $1.97; $1.75
Suppose that M is fixed. According to the quantity equation, which of the following would make the price level higher?
a. Y or V rise b. Y or V fall c. Y rises or V falls d. Y falls or V rises
A metal refining plant emits sulfur dioxide into the air and has decided to install air scrubbers to reduce the amount of pollution. Each scrubber costs $180,000 and the Environmental Protection Agency (EPA) fines the plant $5,000 for every part of pollution emitted per million. 
Based on the information above, the first air scrubber ________ (increases/decreases) the total cost of pollution by $________.
A. decreases, $250,000 B. increases, $530,000 C. decreases, $ 70,000 D. increases, $180,000 E. none of the above
Which of the following is a macroeconomic question?
A) What determines the unemployment rate? B) How is the production quantity of digital cameras determined? C) What factors determine the price of iPhones? D) What determines the wages and benefits of flight attendants?