If a firm increases its capital stock, real wages will likely ________ and the equilibrium quantity of labor will likely ________
A) decrease; decrease B) increase; increase C) decrease; increase D) increase; decrease
B
You might also like to view...
Bobby drives her car to work; Bill takes the bus. They are both behaving efficiently as long as we assume
A) it costs the same for Bobby to drive the car as it does for Bill to take the bus. B) both Bobby and Bill value their trips equally. C) Bobby and Bill are traveling to different locations. D) both Bobby and Bill voluntarily selected the forms of transportation they take to work.
Refer to Figure 7-4. With insurance and a third-party payer system, what price do doctors receive for medical services?
A) $25 B) $40 C) $55 D) >$55
Martin Shore lost his job when General Motors closed down its local plant. He has been visiting the personnel offices of the other factories in the area, looking for a new job. He is:
A. a member of the civilian labor force who is employed. B. a member of the civilian labor force who is unemployed. C. a member of the civilian labor force who is underemployed. D. a discouraged worker who is not a member of the labor force.
The Treaty of Maastricht was signed in:
A. 1997. B. 1992. C. 1999. D. 2001.