The labor ____________ curve(s) will shift _______________ if there is an increase in productivity or an increase in the demand for the final product.
a. demand; left
b. supply; left
c. demand; right
d. supply; right
c. demand; right
The labor demand curve(s) will shift right if there is an increase in productivity or an increase in the demand for the final product.
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The quantity demanded of a product increases as
A) the price of the product rises. B) the price of the product falls. C) consumer income rises. D) the prices of other products fall.
Suppose a bank has $100,000 in checking account deposits with no excess reserves and the required reserve ratio is 10 percent. If the Federal Reserve raises the required reserve ratio to 12 percent, then the bank will now have excess reserves of
A) $12,000. B) $0. C) -$2,000. D) -$12,000.
When the U.S. exchange rate rises, the trade deficit will:
A. be balanced by an increase in net exports. B. remain unaffected. C. usually rise, too. D. usually fall.
Internationally, participation differences in organ donation programs are mostly attributed to:
A. cultural views. B. financial compensation for organ donors. C. what default option is set for participation or nonparticipation. D. living standards as measured by per capita GDP.