Policies that make it more difficult to fire an employee likely lead to:
A. greater unemployment, because employers will be more hesitant to hire someone.
B. greater unemployment, because employees will quit more often.
C. less unemployment, because everyone will value their job more.
D. less unemployment, because employers will not be able to fire as many people.
A. greater unemployment, because employers will be more hesitant to hire someone.
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Which of the following is the most important source of tax revenue for state governments?
A. Personal income tax B. Property taxes C. Corporate income tax D. Sales and excise taxes
The ________ the exchange rate, the ________ are foreign-produced goods and hence the smaller the quantity of dollars supplied
A) lower; more expensive B) lower; cheaper C) greater; cheaper D) greater; more expensive
A firm's demand for labor is downward sloping because of
A) diminishing marginal productivity of labor. B) diminishing marginal utility. C) price pressure. D) workers' increased willingness to work at a higher wage.
Computers and software programs are:
a. inferior goods. b. complementary goods. c. goods with a cross-price elasticity of demand of 0. d. substitute goods. e. perfectly elastic goods.