Francis Crawford recently received a 20 percent wage increase and desires to work less. We can conclude that at his current wage his supply of labor curve
A) has a negative slope. B) is vertical.
C) has a positive slope. D) is U-shaped.
A
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All of the following are examples of institutions that promote real economic growth EXCEPT
A) complex rules associated with business licensing used to promote careful business growth. B) patent laws that protect innovation. C) an efficient judicial system used to enforce contracts. D) strong law enforcement used to protect business interests.
Refer to Table 5.3. The expected returns are highest for the physician who
A) works for an HMO. B) opens her own practice. C) does research. D) either opens her own practice or does research. E) either works for an HMO or does research.
Frictional unemployment refers to:
a. people who are out of work and have no job skills. b. short periods of unemployment needed to match jobs and job seekers. c. people who spend relatively long periods out of work. d. unemployment related to the ups and downs of the business cycle.
Which of the following people would be considered unemployed?
(a) A person who stayed home to raise his children and now starts looking for a job. (b) A person who quits a job to return to school full time. (c) A person who is qualified to teach but is driving a bus until a teaching job is available. (d) A person who works two part-time jobs but is looking for a full-time job.