Which of the following is NOT classified as an advanced economy?
A) Hong Kong
B) South Korea
C) Russia
D) Australia
E) the United Kingdom
C
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Hooterville has seen its population grow by 200% over the past decade (10 years). Urban sprawl has occurred as city services have been extended to formerly rural areas. Mark's Manhole Cover Company, Inc has seen sales to the City of Hooterville triple during this period. This is most likely due to
a. increased manhole cover prices b. increased quantity supplied of manhole covers c. altered consumer expectations d. increased demand for manhole covers e. increased supply for manhole covers
A profit-maximizing monopsonist will hire workers at the point where the marginal factor cost curve intersects the
A. Marginal wage curve. B. Marginal revenue product curve. C. Labor supply curve. D. Equilibrium wage.
which one of the following is most likely to reduce the mobility of labor between jobs?
a. the taxation of unemployment compensation in the same manner as income from other sources b. both b and c above c. legislation relaxing licensing requirements for entry into many occupations d. an increase in the minimum wage
Which of the following is correct?
A. i. A surplus puts downward pressure on the price of a good. B. ii. A shortage puts upward pressure on the price of a good. C. iii. There is no surplus or shortage at equilibrium. Question 8 options: D. i and ii. ii and iii. i, ii, and iii. only iii. i and iii.