If employers are provided a subsidy of $1 per hour for hiring workers, ________
A) the equilibrium real wage will decrease B) labor demand will decrease
C) the equilibrium employment will increase D) labor supply will increase
C
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Compound interest is:
A. the payment of interest on the original deposit. B. the payment of interest on both the original deposit and all accumulated interest. C. the interest rate adjusted for the rate of inflation. D. the real rate of interest compounded by the rate of inflation.
If you place $100 in a bank account that pays 6% at the end of each year, and you leave your $100 and all your interest in the bank, how much will you have in the bank at the end of 7 years with annual compounding?
A) (106)7 B) 7 ? (106) C) 100 ? (1.60)7 D) 100 ? (1.06)7
When reality show participants travel through foreign countries, they are generating a
A. Supply of U.S. dollars and a demand for a foreign currency. B. Supply of U.S. dollars and a supply of a foreign currency. C. Demand for U.S. dollars and a supply of a foreign currency. D. Demand for U.S. dollars and a demand for a foreign currency.
Specializing and participating in international trade allows an economy to: (check all that apply)
a. diver high-skilled resources toward low-valued services. b. increase the quantities of capital and consumer goods available to society. c. circumvent the output limits imposed by its own production possibilities curve. d. get more of the desired good by sacrificing greater amounts of some other good.