For any competitive labor market, what change would have to occur to cause the labor supply to increase and shift the supply curve right?
A. Number of firms increases
B. Opportunity cost of work decreases
C. Number of workers decreases
D. Opportunity cost of work increases
B. Opportunity cost of work decreases
You might also like to view...
The majority of spending in the government purchases category comes from the federal government
Indicate whether the statement is true or false
Researchers at the Federal Reserve found that M2 money demand functions performed ________ in the 1980s, with M2 velocity moving ________ with the opportunity cost of holding M2
A) poorly; erratically B) poorly; closely C) well; erratically D) well; closely
A front-page story in the New York Times carries the headline "War on Drugs Continues: 200 More Arrested.". On the editorial page, an opinion piece on the subject is titled "Do We Really Need the War on Drugs?" The opinion piece is more likely than the front-page story to
a. have macroeconomic content b. be fact-finding c. contain normative statements d. contain positive statements e. be less a matter of debate
Compared to stocks, bonds offer the holder
a. lower risk and lower potential return. b. lower risk and higher potential return. c. higher risk and lower potential return. d. higher risk and higher potential return.