Factor markets for chocolate bars are influenced by the
a. demand for chocolate bars.
b. marginal productivities of labor and capital.
c. market prices for final goods and services.
d. All of the above are correct.
d
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In the above figure, a minimum wage of ________ would result in employment of ________
A) W2; L1 B) W2; L2 C) W1; L1 D) W1; L2
Suppose that the money multiplier is 4. If the monetary base decreases by $2 million, the quantity of money will
A) increase by $8 million. B) increase by $500,000. C) decrease by $8 million. D) decrease by $500,000.
Union activity in late 19th and early 20th centuries in the United States
a. was largely apolitical at the national level. b. was the impetus for several national parties. c. relied heavily on help from the federal government. d. None of the above is correct.
If the price of a car in the United States is $26,000, and the exchange rate between the dollar and the British pound rises from $1.50 to $2.00 per pound, then the price of the American car in Britain will
A. remain the same. B. fall. C. rise. D. be irrelevant, because the British government will impose restrictions on imports from the United States.