If, regardless of price, the quantity demanded is a constant amount, then the demand curve is:
A. horizontal.
B. vertical.
C. upward sloping.
D. downward sloping.
Answer: B
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Explain how the real wage and the extra output produced by each worker determine the quantity of labor demanded by a firm
What will be an ideal response?
An increase in the government budget surplus will shift the ________ curve for loanable funds to the ________ and the equilibrium real interest rate will ________
A) demand; right; rise B) demand; left; fall C) supply; left; rise D) supply; right; fall
The "middle-class" ideal that developed in the early 19th century included which of the following elements?
(a) Women were socially and legally equal to men and were encouraged to choose between working and staying in the home (avoiding wage-labor in the factories). (b) Men were to be the income earners providing for the family's material needs while women were to play a greater role regarding the family's spiritual needs. (c) Apprenticeships, rather than public schools, would better serve the need of preparing children for middle-class careers. (d) Poverty among the lower classes was due not to their moral failure but rather low wages, uncertain employment, and lack of economic opportunity.
To reduce moral hazard, a firm may
A) pay workers at a piece rate. B) offer a year-end bonus if firm profits are up. C) offer stock options. D) All of the above.