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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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
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