A type of hazardous substance is
a. an acid or base
b. a heavy metal like copper or mercury
c. synthetic organic chemicals, such as pesticides
d. all of the above
e. none of the above
d. all of the above
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Suppose that the market for labor is initially in equilibrium. Suppose that workers' tastes change so that they choose to retire at age 70 rather than age 67 . Then the equilibrium wage
a. and the equilibrium quantity of labor will rise. b. and the equilibrium quantity of labor will fall. c. will rise, and the equilibrium quantity of labor will fall. d. will fall, and the equilibrium quantity of labor will rise.
As a result of an increase in the money supply, some banks may end up with excess reserves. What is the likely result?
A. Banks will spend the excess reserves by paying their employees more. B. Banks will raise interest rates. C. Banks will make more loans, thereby contributing to a decrease in aggregate demand. D. Banks will make more loans, thereby contributing to an increase in aggregate demand.
Which of the following would cause a decrease in the equilibrium price and decrease in the equilibrium quantity of papayas?
A) a decrease in supply and an increase in demand B) a decrease in demand C) an increase in supply and an increase in demand greater than the increase in supply D) a decrease in supply and a decrease in demand
An decrease in Italy's interest rate and an decrease in Italy's price level relative to U.S. price level have the same effect on the exchange rate between the two countries.
Answer the following statement true (T) or false (F)