Which of the following will result in a leftward shift of the market supply curve for labor?
a. an increase in immigration
b. a decrease in labor productivity
c. an increase in the working-age population
d. an increase in nonwage income
d
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The above figure shows the costs at Barney's Bagel Bakery. For which of the following levels of output does the average product of labor exceed the marginal product of labor?
A) at 1000 bagels daily B) at 2000 bagels daily C) at 3000 bagels daily D) all of the above
Tory applies for a line of credit which she intends to use for a once in-a-lifetime dream vacation. This transaction is subject to
a. no federal law. b. the Consumer Leasing Act. c. the Consumer Product Safety Act. d. the Truth-in-Lending Act
Explain the difference between general grants and categorical grants. Under what circumstance will they have the same impact? In that case, will one have an advantage over the other?
What will be an ideal response?
The real exchange rate is defined to be the:
A. value of goods in one nation relative to the value a similar set of goods in another country. B. rate people exchange goods and services in a domestic market. C. rate at which firms in different nations would be willing to exchange goods. D. value of goods in one nation relative to the value the same set of goods in another country.