If the marginal productivity of labor decreases, then
A) the quantity of labor demanded at every possible wage rate will be less.
B) the quantity of labor demanded at every possible wage rate will be higher.
C) the quantity of labor demanded will not be affected.
D) the demand curve for labor will shift upward and to the right.
A
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If you anticipate that the inflation rate is going to rise from three percent to 10 percent next year, you should
A) save your funds at a fixed rate of interest. B) borrow funds at a fixed rate of interest. C) keep your funds in your sock drawer. D) wait to buy a house until next year.
Which of the following countries has the longest life expectancy for both men and women?
a. Japan. b. Germany. c. Canada. d. Great Britain. e. theUnited States.
Price floors are used as a method to:
A. ensure buyers that goods won't be cheaper tomorrow. B. see that production levels don't fall too low. C. guarantee there will be enough food for everyone. D. ensure sellers a minimum price for their goods.
Quantity demanded will equal quantity supplied if a ________ is set ________ the equilibrium price.
A. price ceiling; at or below B. price ceiling; above C. price ceiling; below D. price floor; above