If producers who hire labor in a competitive labor market decide to purchase the new automated machine that completes the work of 30 employees, we would expect the labor-demand curve to shift to the:
A. left and wages would rise.
B. left and wages would decrease.
C. right and wages would rise.
D. right and wages would decrease.
B. left and wages would decrease.
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Owners of a corporation ________ through dividend payments on shares of that firm's stock
A) share in the profits of the firm B) retain earnings of the firm C) indirectly finance the firm D) issue bonds for the firm
A progressive tax is defined as a tax for which the
a. average tax rate rises as income increases. b. average tax rate falls as income increases. c. average tax rate remains constant at all levels of income. d. dollar tax liability of those with higher income is more than the dollar tax liability of those with lower income.
What is the difference between holding a monopoly and monopolization? Which is illegal? Explain
What will be an ideal response?
At higher rates of interest
A. businesses demand more investment because there are more funds available to invest. B. businesses demand more investment because future profitability is likely to be greater. C. households save more because they get a greater return on their savings. D. households save less because it is more expensive to save.