A survey in a particular city reveals that a majority of the retired workforce, aged between 60 years and 70 years, is returning to work to meet certain financial constraints. Other things constant, this is likely to:
a. cause an upward movement along the labor supply curve.
b. shift the supply curve of labor rightward
c. cause a downward movement along the labor supply curve.
d. shift the supply curve of labor leftward.
b
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Capital is defined as
a. a flow of money into a business to buy various inputs. b. automated production processes which require little or no labor. c. interest payments to owners of companies. d. an inventory of plant, equipment and other productive resources held by a firm.
Suppose you and your friend are in a shopping mall and you borrow $100 from your friend to pay for a pair of shoes that you purchase in a sho
A) transaction costs. B) indirect financing. C) direct financing. D) moral hazard.
Refer to Figure 16-3. Suppose Chantal practices price discrimination. Which of the following statements is true?
A) By charging different prices in markets A and B, Chantal can transfer some producer surplus into economic profit. B) Chantal's profits will be higher if she has uniform pricing instead of different prices for different groups of customers. C) By charging a higher price in market B, Chantal has transferred some of the consumer surplus from customers in market B to customers in market A. D) By charging a higher price in market B, Chantal can convert some consumer surplus into economic profit.
Which of the followings is NOT true about the word "autonomous" that economists use?
A) Changes in autonomous components are associated with movements along a curve. B) Changes in autonomous components are associated with shifts of a curve. C) The autonomous component of a variable is exogenous. D) The autonomous component of a variable is independent of other variables in the model.