Welfare payments _____
a. often increase the marginal cost of being employed
b. often decrease the marginal cost of being employed
c. have led to a tremendous decline in poverty since 1968
d. have no relationship to the marginal cost of being employed
a
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Other things equal, assume consumer demand for children's toys increases. The result is a(n):
a. rightward shift in the market demand for labor curve in the toy industry. b. increase in the marginal revenue product of firms in the toy industry. c. increase in derived demand for workers in the toy industry. d. all of these.
Net capital outflow measures how many capital goods are:
A. exported from a country. B. exported minus how many are imported to a country. C. imported from a country. D. imported to a country minus exported from a country.
Abnormal net income is similar to economic profit
Indicate whether the statement is true or false
Use the table below to answer the following question:PriceQuantity Supplied$101089684726Over the $6 to $4 price range, supply is
A. inelastic. B. nonresponsive. C. elastic. D. unit-elastic.