The supply curve of labor to risky jobs reveals.
A. how many workers are willing to offer their labor to the risky job as a function of the wage differential between the risky job and the safe job.
B. the number of workers who dislike risky jobs.
C. the fraction of workers who dislike risky jobs.
D. how many workers are willing to offer their labor to the safe job as a function of the wage paid to workers of the risky job.
E. how many workers are willing to offer their labor to the risky job as a function of the wage paid to workers of the safe job.
Answer: A
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Financial institutions for the poor have been neglected because
a. large banks considered rural branches to be unprofitable b. economists and others believed that poor people were unable to save c. the poor often save in non-monetary forms d. small farmers and business people were considered to be untrustworthy borrowers e. all of the above
The rise in output of corn and wheat was achieved more by increasing acres farmed than by raising output per acre
Indicate whether the statement is true or false
Assume that the central bank increases the reserve requirement. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to real GDP and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). b. Real GDP rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). c. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). d. Real GDP and net nonreserve-related international borrowing/lending remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Moving along which curve does the money wage rate and the price level change in the same proportions?
What will be an ideal response?