Refer to the given data. The labor supply curve facing firms is:
Use the labor demand data on the left and the labor supply data on the right in answering the following question:
A. such that it does not intersect the labor demand curve.
B. upsloping.
C. perfectly inelastic.
D. perfectly elastic.
B. upsloping.
You might also like to view...
Suppose we have an economy in which G = 100, t = 0.26, Y = 3800, and YN = 4000. Then t rises to 0.28 as the same time as G rises to 1150. The overall impact of this resettling of the fiscal variables is ________ because ________
A) expansionary, the actual deficit rises B) expansionary, the natural employment deficit falls C) contractionary, the natural employment deficit falls D) contractionary, the natural employment deficit rises E) contractionary, the actual deficit rises
When households practice diversification it means that they are buying which of the following?
a. stocks or bonds from only one company to increase their risks b. stocks or bonds from only one company to lower their risks c. stocks and bonds from a wide-range of companies to increase their risks d. stocks and bonds from a wide-range of companies to lower their risks
According to the law of supply, there is a direct relationship between quantity supplied of pickles and:
A. the number of sellers of pickles. B. costs of cucumbers. C. pickling production technology. D. the price of the pickles.
Which of the following is the outcome of the lemons problem in the used-car market?
A. No cars will be traded in the market. B. Only low-quality cars will be traded in the market. C. Only high-quality cars will be traded in the market. D. Both low-quality and high-quality cars will be traded in the market.