Which of the following statements is true?
A) According to the labor supply curve, as the real wage rises, more workers leave the labor force.
B) According to the labor supply curve, as the real wage rises, employers are willing to provide fewer jobs.
C) According to the labor supply curve, as the real wage rises, workers are willing to provide fewer hours of labor.
D) According to the labor supply curve, as the real wage rises, workers are willing to provide more hours of labor.
E) According to the labor supply curve, as the real wage rises, employers are willing to provide more jobs.
D
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Figure 4.4 illustrates the supply of tacos. A technological advancement which makes tacos cheaper to produce would most likely cause a movement from
A) point a to point c. B) point c to point a. C) S0 to S2. D) S2 to S0.
What does it mean when a "free lunch" is available? Relate your answer to the production possibilities frontier
What will be an ideal response?
Under the Gramm-Leach-Bliley Act the oversight of the securities activities of bank holding companies belongs to
A) the SEC. B) the Comptroller of the Currency. C) the U.S. Treasury. D) the Federal Reserve.
The presence of an incentive system that encourages growth
A) guarantees that growth will occur. B) creates the right conditions for growth to occur. C) cannot exist in poor countries. D) existed even in hunter-gatherer societies. E) means that the government must be a democracy.