TRK, Inc replaces its outdated assembly line with latest robot technology. Which of the following most likely caused this to happen?
a. The money supply decreased.
b. Interest rates dropped.
c. The return to saving increased.
d. The cost of borrowing increased.
b. Interest rates dropped.
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Which of the following statements is true?
A) According to the labor supply curve, as the real wage rises, more workers leave the labor force. B) According to the labor supply curve, as the real wage rises, employers are willing to provide fewer jobs. C) According to the labor supply curve, as the real wage rises, workers are willing to provide fewer hours of labor. D) According to the labor supply curve, as the real wage rises, workers are willing to provide more hours of labor. E) According to the labor supply curve, as the real wage rises, employers are willing to provide more jobs.
Purchasing power parity is widely accepted as a better explainer of short-run changes in exchange rates than interest rate effects
a. True b. False Indicate whether the statement is true or false
If the absolute value of the price elasticity of demand for tickets to a football game is 2, then if the price increases by 1%, quantity demanded decreases by:
A. 1%. B. 4%. C. ½%. D. 2%.
Describe the factors that could cause an increase in the wage rate of workers.
What will be an ideal response?