An increase in the price of labor (a variable resource) shifts
A) all cost curves upward.
B) the variable cost curves upward but leaves the fixed cost curves unchanged.
C) the fixed cost curves upward but leaves the variable cost curves unchanged.
D) the marginal cost curve rightward.
E) none of the cost curves.
B) the variable cost curves upward but leaves the fixed cost curves unchanged.
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__________ account(s) for the largest portion of public health expenditure in the United States.
A. Children's hospitals B. Universal health coverage C. Medicaid D. Medicare
When the exchange rate moves from $1 = CAD1.5 to $1 = CAD1.66, it implies:
a. the U.S. dollar has depreciated in relation to the Canadian dollar. b. U.S. imports of Canadian goods will rise. c. the dollar price of the Canadian dollar has risen. d. the Canadian dollar has appreciated in relation to the U.S. dollar. e. Canadian imports of U.S. goods will rise.
The relationship between the price level and the quantity of real GDP supplied is
a. full employment output. b. inflationary or recessionary gap. c. aggregate supply. d. supply-side equilibrium.
According to Marx, reason(s) for the inevitable collapse of capitalism is (are)
a. under production b. a lower capita labor ratio c. rising profits d. class conflict e. increasing surplus value