Compared to the government in a typical industrial country, the government in a typical developing country:
a. plays the same role in investment spending.
b. plays a larger role in investment spending.
c. plays a smaller role in investment spending.
d. plays no role in investment spending.
e. plays a more negative role in investment spending.
b
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If the number employed is 190 million, the number unemployed is 10 million, and the working-age population is 250 million, then the labor force participation rate is
A) 4%. B) 5.2%. C) 60%. D) 76%. E) 80%.
Critics of supply-side policies argue that the effects of tax cuts are too small to be effective policy
a. True b. False Indicate whether the statement is true or false
The total utility of water is
A. lower than the total utility of diamonds, but the marginal utility is higher. B. the same as the total utility of diamonds, but the marginal utilities are the same. C. lower than the total and marginal utility of diamonds. D. higher than the total utility of diamonds, but the marginal utility of diamonds is higher.
The demand for labor is given by L(w) = 1000 - .5w, where w is the minimum wage. Find the level of w that maximizes the total wage payment, wL(w). What is the wage-elasticity of labor demand at the maximizing minimum wage?
What will be an ideal response?