A decrease in the supply of nurses will the equilibrium wage and the equilibrium quantity of nursing services.
A decrease in the supply of nurses will .......... the equilibrium wage and ............ the equilibrium quantity of nursing services.
in the supply of nurses will
the equilibrium wage and
the equilibrium quantity of nursing services.
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Refer to Figure 2-14. What is the opportunity cost of producing 1 snow cone in Iceland?
A) 2/3 of a popsicle B) 3/4 of a popsicle C) 1 1/2 popsicles D) 180 popsicles
Which of the following statements about checkable deposits is correct?
A) Checkable deposits are a larger fraction of banks' funds today than in 1973. B) Checkable deposits are a smaller fraction of banks' funds today than in 1973. C) All checkable deposits pay interest. D) No checkable deposits pay interest.
For the study of economic growth, it is most helpful to examine movements in ________; for the study of business cycles, it is most helpful to examine movements in ________
A) trend GNP; trend GNP B) trend GNP; deviations from trend in GNP C) deviations from trend in GNP; trend GNP D) deviations from trend in GNP; deviations from trend in GNP
A firm is making a profit under conditions of monopolistic competition if, at the equilibrium output,
a. AR is above MR. b. MR is above AR. c. AR is above AVC. d. AR is above ATC.