Tax credits have been provided to employers for hiring targeted groups
Indicate whether the statement is true or false
T
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In the figure above, suppose the original budget line is BD. A rise in the price of a compact disc will
A) rotate the budget line to AD. B) rotate the budget line to CD. C) not move the budget line. D) result in a parallel leftward shift of the budget line.
If a union negotiates a wage above the market equilibrium, each firm's
a. supply of labor is greater than its marginal resource cost b. supply of labor is less than its marginal resource cost c. supply of labor is equal to its marginal resource cost d. demand for labor is less than its marginal resource cost e. demand for labor is greater than its marginal resource cost
Marginal cost increases as the quantity of output increases. This reflects the property of
a. increasing total cost. b. diminishing total cost. c. increasing marginal product. d. diminishing marginal product.
Human capital does not improve with
A. higher learning. B. on-the-job training. C. higher wages. D. learning on the job.