Name two factors that will increase the demand for labor, and two factors that will increase the supply of labor.
What will be an ideal response?
The demand for labor will increase if the productivity of workers increases, or if the price of the output produced by those workers increases. The supply of labor will increase if there is immigration, or if an occupation becomes relatively more attractive due to advertising, social status, or a change in the preferences of workers.
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Suppose that the price elasticity of supply for oil is 0.1. Then, if the price of oil rises by 20 percent, the quantity of oil supplied will increase
A) by 200 percent. B) by 20 percent. C) by 2 percent. D) by 0.2 percent.
When economists say that mortgages are "securitized" what do they mean by this description?
What will be an ideal response?
Inflation tends to ________ during a business cycle expansion and ________ during a business cycle recession
A) increase; decrease B) decrease; increase C) increase; increase further D) decrease; decrease further
Another name for stockholder wealth maximization is
A) profit maximization. B) maximization of earnings per share. C) maximization of the value of the common stock. D) maximization of cash flows.