Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) What part of domestic output in country B is the total wage bill or total wage income before and after the emigration?
A. Area 0vqtand area 0wrt, respectively
B. Area 0vqt and area 0wsu, respectively
C. Area 0wsu and area 0vqt, respectively
D. Area 0wsu and area 0wrt, respectively
C. Area 0wsu and area 0vqt, respectively
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Lucy invested $10,000 at the rate of 12%. According to the rule of 72, it would take ______ years for her money to double
a. 4 b. 5 c. 6 d. 7
Which of the following will most likely increase the natural rate of unemployment?
a. a decrease in the minimum wage b. an increase in unemployment benefits c. an increase in the number of people who stop looking for a job d. an increase in the proportion of prime-age workers as a share of the labor force
Suppose that Ed's Fine Bottled Water supplies 35,000 quarts of bottled water each month when the price per quart is $0.80 . When the price of a quart increases to $1.20, supply is increased to 45,000 quarts each month. Calculate the absolute value of Ed's price elasticity of supply of water?
a. 0 b. 0.63 c. 1 d. 1.6
All of the following are sources of comparative advantage except
A) climate and natural resources. B) relative abundance of labor and capital. C) a strong foreign currency exchange rate. D) technology.