A perfectly elastic supply curve
a. has an elasticity of 1
b. has an elasticity less than 1
c. has an elasticity of 0
d. is horizontal
e. is upward sloping
D
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Those who generally have low willingness to take on risk are said to be:
A. risk-seekers. B. risk-averse. C. low-risk players. D. high-compensation players.
Each of the following, except one, would lead to a rightward shift of the labor supply curve in a particular industry. Which is the exception?
a. increased preference for this type of work b. increases in the demand for the good produced by labor c. increases in the size of the population d. reductions in the wage rates offered in alternative labor markets e. reductions in the costs of acquiring human capital
The earliest antitrust act was the ____ Act.
A. Clayton B. Federal Trade Commission C. Sherman
To reduce the political influence on the Board of Governors,
A) the president of the United States appoints a new board every four years. B) the reelection campaign for each member is less than one year C) each member is appointed for 7 years, with one term expiring every year. D) each member is appointed for 14 years, with one term expiring every two years.