Other things constant, when the work opportunities in an occupation are unstable (that is, layoffs are common), the hourly wages of workers in the occupation will tend to be
a. higher than the wages of workers with otherwise similar jobs.
b. lower than the wages of workers with otherwise similar jobs.
c. below market equilibrium.
d. above market equilibrium.
A
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Which of the following would cause a short-run decrease in the quantity supplied of personal computers?
A) The price of CPUs decreases. B) The price of software decreases. C) The number of PC manufacturers decreases. D) The cost of manufacturing PCs decreases.
During the 2000 to 2006 time period, housing prices increased but only to a limited degree
a. True b. False Indicate whether the statement is true or false
Under a flexible exchange rate system, there is no need for foreign exchange reserves.
Answer the following statement true (T) or false (F)
In considering how to allocate its scarce resources among its various members, a household considers
a. each member's abilities. b. each member's efforts. c. each member's desires. d. all of the above