Some environmentalists argue that the scarcity of physical resources such as fuel means that
A. we should keep our homes cooler in the winter.
B. we should keep our homes warmer in the summer.
C. we should live closer to our jobs to conserve fuel.
D. All of these responses are true.
Answer: D
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What are the effects of an increase in the minimum wage? Who would be most affected?
What will be an ideal response?
If the wage rate is fixed at a certain level, the:
a. total wage cost curve is horizontal. b. total wage cost curve is a straight upward sloping line. c. MP must be constant. d. total wage cost curve will increase at an increasing rate. e. total wage cost curve will increase at a decreasing rate.
The most likely impact of an unanticipated increase in the money supply is a(n): a. increase in the real interest rate, which in turn stimulates investment and GDP
b. decrease in the real interest rate, which in turn stimulates investment and GDP. c. decrease in real output, which causes the real interest rate to decline and in turn stimulate investment and GDP. d. increase in real output, which causes the real interest rate to decline.
"A reduction in gasoline prices caused the demand for gasoline to increase. The lower gas prices also led to an increase in demand for large cars, causing their prices to rise." These statements
What will be an ideal response?