People who grew up in the western part of Aquilonia have an accent distinct from people who grew up in the eastern part of the country. People from the west also receive lower wages than people from the east. From this information alone, we can conclude that it is possible that
a. discrimination against people from the west exists.
b. people from the east receive compensating differentials.
c. people from the west have lower levels of human capital.
d. All of the above could be correct.
d
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Which of the following changes shifts the AD curve up and to the right?
A) A rise in the nominal money supply B) An increase in income taxes C) An increase in the risk on nonmonetary assets D) A decrease in the future marginal productivity of capital
Each of the following would cause an increase in the supply of baseballs EXCEPT
A) an improvement in technology. B) a decrease in the cost of labor used to produce baseballs. C) an expectation that the price of baseballs will rise in the future. D) an increase in the number of baseball producers.
It is not possible for a regulated public utility to earn economic profits in the short run
a. True b. False Indicate whether the statement is true or false
Refer to Table 10.2. If the price of output is $10 per unit, the marginal revenue product of the third unit of labor is:
A. $50. B. $60. C. $500. D. $600.