If the money wage rate increases, the short-run aggregate supply curve shifts rightward
Indicate whether the statement is true or false
FALSE
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Identify the correct statement.
A. The overall effects of the Uruguay Round on global pollution are actually small. B. The actual effects of the Uruguay Round on pollution levels are uniform across all countries. C. The composition effect of the Uruguay Round tends to increase production of environment-friendly products in the United States. D. Evidence shows that free trade is inherently anti-environment.
Refer to the given figure and assumptions. It suggests that:
(1) Employers in this market are willing and able to ignore minimum wage laws;
(2) S d represents the supply of domestic-born (and legal immigrant) workers; (3) S t represents
the total supply of workers in this labor market (S d plus illegal immigrants); and (4) unless
otherwise stated, illegal immigration is not effectively blocked by the government.
A. illegal immigrant workers are in this market because these are jobs that domestic-born
workers are unwilling to do.
B. employment of domestic-born workers could be increased by 20,000 if illegal immigration
were blocked.
C. the presence of illegal immigrants in this labor market reduces wages, making these jobs
less attractive to domestic-born workers.
D. firms hiring from this labor market would be forced to shut down if illegal immigration were
blocked.
Assume that there are only two good for a consumer to purchase. Explain why a consumer can not be maximizing utility if both goods are inferior.
What will be an ideal response?
Household savings rates:
A. vary enormously across countries. B. are remarkably similar across countries. C. seem to be similar for countries within the same continent. D. are impossible to compare across countries.