The demand for labor increases (that is, the demand for labor curve shifts rightward) if the
A) wage rate increases.
B) wage rate decreases.
C) price of the firm's output rises.
D) price of the firm's output falls.
C
You might also like to view...
The marginal propensity to consume (MPC) is
A) the percentage of real disposable income saved. B) the percentage of an additional dollar of real disposable income that will go toward additional real consumption spending. C) the percentage of real disposable income consumed. D) the rate at which real consumption spending changes over time.
If a country bans the importation of a particular good, the market equilibrium is shown by the intersection of the foreign demand curve and the domestic supply curve
Indicate whether the statement is true or false
Asymmetric information can lead to the ________-informed parties to try to take advantage of the ________-informed parties, which can cause ________.
A) better; less; moral hazard, but not adverse selection B) better; less; moral hazard and adverse selection C) less; better; adverse selection, but not moral hazard D) less; better; moral hazard, but not adverse selecti
Would you expect a tax on cigarettes to be more effective at discouraging consumption over the long run or the short run?
A. Short run because demand becomes more elastic over time B. Long run because demand becomes less elastic over time C. Short run because demand becomes less elastic over time D. Long run because demand becomes more elastic over time