In 2011, these states saw challenges to the collective bargaining rights of their teachers.

A. Nevada and Texas
B. Alabama and Florida
C. New York and California
D. Wisconsin and Indiana


Answer: D

Economics

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Any change that increases the quantity of labor supplied at all wage rates will ________, assuming all else equal

A) shift the labor supply curve to the left B) cause an upward movement along the labor supply curve C) shift the labor supply curve to the right D) cause a downward movement along the labor supply curve

Economics

The classical school believed that velocity and the price level were constant, thereby creating a direct link between changes in the money supply and changes in output

Indicate whether the statement is true or false

Economics

Assume that an individual consumes two goods, X and Y. The total utility (assumed measurable) of each good is independent of the rate of consumption of other goods. The prices of X and Y are, respectively, $5 and $10. Given the above, if the consumer has $110 to spend on X and Y, which combination will the consumer choose?

A. 7X and 7Y  B. 8X and 7Y C. 6X and 8Y D. 7X and 6Y E. 5X and 4Y

Economics

Increased government spending on unemployment insurance during a recession is an example of:

A. expansionary fiscal policy. B. contractionary fiscal policy. C. discretionary fiscal policy. D. an automatic stabilizer.

Economics