Ginny earns $575 per week working for Classy's Jewelry Store. Eric earns $450 per week working for Pillmart Pharmacy.
What will be an ideal response?
Resource Markets
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Which of the following is likely to affect the position and shape of society’s production possibilities frontier?
A. Volume of physical resources B. Level of labor skills C. Level of technology D. Amount of factories on hand E. All of the responses are correct.
Structural unemployment refers to unemployment resulting from:
a. technological change. b. being in the wrong geographical location c. taking the time to find the best job. d. seasonal decreases in demand for labor. e. a recession in the economy.
For those in the lowest tax bracket, each dollar tax cut increases disposable income by about $1.33
a. True b. False Indicate whether the statement is true or false
Recall the Application about the price competition between satellite and cable TV services to answer the following question(s).According to the Application, the reason why the consumer surplus still increases as cable prices rise after satellite TV service is introduced in an area with cable TV service, is:
A. the quality of services improves and is larger than the increase in the price of cable services. B. the quality of services improves and is smaller than the increase in the price of cable services. C. the tax revenues that the government receives is larger than the price increase. D. the tax revenues that the government receives is smaller than the price increase.