If a country's working-age population declines and its wealth increases, then the labor supply curve
A. shifts to the right.
B. shifts to the left.
C. shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population.
D. shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population.
Answer: B
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a. consumers of the product b. taxpayers and consumers c. other industries d. special taxes e. import tariffs
The income that people receive is called:
a. national income. b. personal income. c. disposable personal income. d. transfer payments.
The use of hospitals today is dominated by
A) the elderly. B) immigrants. C) obstetrical care. D) the wealthy.
Birth- and population-control efforts in many DVCs (developing countries) face the following obstacles, except:
A. Low literacy rates B. Religious reasons C. Peasant agriculture view about children D. Government authorities