An individual labor-supply curve represents:
A. a worker's decisions around how many hours to work at each alternative wage.
B. the decisions of all workers around how many hours to work at each alternative wage.
C. a firm's decisions around how many hours to hire at each alternative wage.
D. the decisions of all firms around how many hours to work at each alternative wage.
A. a worker's decisions around how many hours to work at each alternative wage.
You might also like to view...
Suppose that flu shots create a positive externality equal to $20 per shot. What is the relationship between the market equilibrium output level and the efficient equilibrium output produced? a. They are equal
b. The market equilibrium output level is greater than the efficient equilibrium output level. c. The market equilibrium output level is less than the efficient equilibrium output level. d. None of the above.
The Lojack car recovery system allows the police to track stolen cars. As a result, they not only recover 90% of Lojack-equipped cars that are stolen but also arrest many auto thieves and shut down many "chop shops" that take apart stolen vehicles to get at their used parts. Thus, Lojack provides both private benefits and positive externalities. If the government were to subsidize Lojack purchases, this would...
According to the quantity theory of money, increases in the money supply lead to
A. decreases in the price level. B. increases in taxes. C. increases in the price level. D. decreases in nominal Gross Domestic Product (GDP).
Crime victims in the U.S. are disproportionately
A. legal immigrants. B. whites. C. minorities. D. Asian-Americans.