Who is most likely to be poor?
A. Someone over age 65
B. A Hispanic American
C. A black person
D. Someone living in a female-headed household with children
D. Someone living in a female-headed household with children
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Total efficiency units of labor in an economy increases if ________
A) the average number of hours worked by each worker decreases B) each worker becomes more productive C) each worker earns a lower wage D) the amount of capital available to each worker diminishes
If a 1 percent decrease in the price of product A brings about a 3 percent increase in the sales of product B, then:
A. products A and B are complementary. B. the cross elasticity of demand between these two products is positive. C. products A and B are substitutes. D. the demand for these products is inelastic.
An efficiency wage
What will be an ideal response?
A decrease in government spending will cause a(n):
A. Increase in the quantity of real output demanded B. Decrease in the quantity of real output demanded C. Decrease in aggregate demand D. Increase in aggregate demand