Which one of the following labor resources will likely have the most inelastic supply schedule in the short run?
a. filling station attendants
b. sales clerks
c. construction laborers
d. dentists
D
Economics
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If Bank A holds $200 in reserves, deposits are $1000, and the desired reserve ratio is 15 percent, how much are excess reserves?
A) zero, because banks never hold excess reserves B) $200 C) $50 D) $150
Economics
An indifference curve shows combinations of goods ________
A) which the consumer prefers equally B) that are affordable C) that are inside or on the budget line D) that have the same relative price
Economics
An increase in the wage rate of steel workers will reduce the supply of steel.
Indicate whether the statement is true or false.
Economics
One example of a microeconomic question is, "Should unemployment benefits be increased?"
Answer the following statement true (T) or false (F)
Economics