A decrease in corporate profits, resulting in a decline in dividend payments, will decrease consumption and decrease labor supply.
Answer the following statement true (T) or false (F)
False
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Review the following statement. "He who has choice has pain." What is meant by this?
What will be an ideal response?
The attainable production points on a production possibilities curve are
A) the horizontal and vertical intercepts. B) the points outside the area enclosed by the production possibilities frontier. C) the points along the production possibilities frontier. D) the points along and inside the production possibility frontier.
Refer to the above figures. Which of the panels would be consistent with the situation in which external benefits exist?
A) Panel 1 B) Panel 2 C) Panels 1 and 2 D) neither panel
An increase in wages will cause the aggregate supply curve to
a. shift outward. b. shift inward. c. become flatter. d. become steeper.