Which of the following statements concerning the supply of labor is true?
a. The supply of labor is determined by the prevailing wage rate.
b. The labor supply curve is downward sloping.
c. The wage rate has no effect on the supply of labor.
d. None of these.
d
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Using the above figure, which of the following is CORRECT?
A) 1 guilder will sell for $2. B) 1 dollar will sell for 1/2 guilder. C) A shortage of guilders exists at an exchange rate above $0.60. D) A surplus of guilders exists at an exchange rate above $0.60.
If the interest rate is 10% then the net present value of the investment is
a. $5,000 b. - $9,091 c. -$15,290 d. -$21,901
According to the graph shown, if the market is in equilibrium, total surplus is:
A. $30.
B. $20.
C. $50.
D. $60.
Examining data on cyclical unemployment plotted against unanticipated inflation shows
A. a negative relationship. B. a relationship only during the 1960s. C. a positive relationship. D. no significant relationship.