Refer to the given data. If the market wage rate is $8, this firm will employ:
A. 2 workers.
B. 3 workers.
C. 4 workers.
D. 5 workers.
C. 4 workers.
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According to the graph shown, if the government decides to restrict trade, a deadweight loss is created equal to area(s):
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price
for that good.
A. F and H.
B. DFGH.
C. FGH.
D. G.
Which of the following creates a positive social rate of return?
a. Providing a free secondary education to the public b. Paying higher wages to workers with college degrees c. Offering government grants to private universities d. Earning an advanced degree at a public university
In the self-correcting AD-AS model, the economy's short-run equilibrium position is indicated by the intersection of which two curves?
A. short-run aggregate supply and long-run aggregate supply B. short-run aggregate supply and aggregate demand C. long-run aggregate supply and aggregate demand D. long-run aggregate demand and short-run personal consumption expenditures curve
A nation's international investment position shows its stock of international assets and liabilities at a point in time.
Answer the following statement true (T) or false (F)