Other things being equal, an increase in the workplace amenities, such as increased health care and more generous vacation options, would tend to shift the labor supply curve to the ____.
a. left, increasing wages
b. right, increasing wages.
c. left, decreasing wages.
d. right, decreasing wages.
d
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One drawback to a single currency is that
A) the exchange rate is more volatile. B) bond markets are larger and therefore harder to control. C) exporters and importers have fewer choices about how they will receive and make payments. D) individual nations cannot use monetary policy to stabilize the economy. E) foreign currency is more expensive.
All externalities:
A. are harmful to society and create costs external to the decision maker. B. are beneficial to society and create benefits external to the decision maker. C. create either a cost or benefit to a person other than the person who caused it. D. are addressed by the government through taxation.
A gold standard pegs the currency to:
A) another nation that also adopts a gold standard. B) a basket of metals: gold, silver, platinum, and palladium. C) the price of gold in local currency. D) the U.S. dollar.
The short-run aggregate supply curve is upward sloping because...
What will be an ideal response?