An increase in the market supply of clerks leads to an increase in the market wage rate for clerks.
Answer the following statement true (T) or false (F)
False
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An increase in tax revenues ________ government saving and ________ national saving
A) raises, raises B) raises, lowers C) lowers, raises D) lowers, lowers
Most real economic choices involve small (or marginal) changes, rather than all-or-nothing decisions
a. True b. False
The quantity of labor supplied by a particular wage earner will always increase as long as the wage rate increases
a. True b. False Indicate whether the statement is true or false
How would a $10 increase in per-unit input costs affect a price-taking firm's supply curve?
A. MC would increase by $10, and AC would decrease by $10.
B. AC would increase by $10, and MC would decrease by $10.
C. MC and AC would both decrease by $10.
D. MC and AC would both increase by $10.