Which of the following is a reason why job A would pay a higher wage rate than job B?
a. job B requires more education
b. job A offers greater fringe benefits
c. job A offers free parking
d. job A involves greater risk
e. job B has a higher skill requirement
D
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An increase in interest rates might ________ saving because more can be earned in interest income
A) encourage B) discourage C) disallow D) invalidate
How would each of the following events affect Cheryl Shirker's supply of labor?
(a) Cheryl's firm announces a reorganization plan, in which she will get a big promotion and raise in six months. (b) Cheryl's speculative investment in plutonium futures pays off big, netting her a profit of $300 thousand. (c) Cheryl's father, who had planned to leave her a large bequest, must spend all his wealth on medical bills after a prolonged illness.
All of the following explain the downward slope of the aggregate demand curve EXCEPT
A) changes in the stock of real wealth held by individuals. B) the effect of changing interest rates on the quantity demanded of interest-rate-sensitive goods. C) the availability of foreign substitute goods. D) the presence of unused production capacity and unemployment.
Whenever a consumer purchases good X but not good Y, then:
A. MRSXY ? PX/PY at the chosen bundle. B. MRSXY ? PX/PY at the chosen bundle. C. MRSXY = PX/PY at the chosen bundle. D. MRSXY = - PX/PY at the chosen bundle.