When the U.S. cuts funding for border patrol, the labor market in California is affected. We would expect the:
A. supply of labor to shift to the left.
B. demand for labor to shift to the left.
C. demand for labor to shift to the right.
D. supply of labor to shift to the right.
Answer: D
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The fact that the production function relating output to capital becomes flatter as we move from left to right means that
A) the marginal product of labor is positive. B) the marginal product of capital is positive. C) there is diminishing marginal productivity of labor. D) there is diminishing marginal productivity of capital.
Which of the following statements is correct?
a. Because we have more food per capita, global food prices have decreased since 1875. b. Because we have less food per capita, global food prices have increased since 1875. c. Because we have less food per capita, global food prices have decreased since 1875. d. Because we have more food per capita, global food prices have increased since 1875.
Tiffany is a black 21-year-old female, and Danielle is a black 41-year-old female. Both Tiffany and Danielle were accounting majors, and they graduated from the same college with the same GPA — Tiffany in 2013 and Danielle in 1992 . Tiffany and Danielle are both auditors at the same accounting firm. Tiffany earns $63,000 a year, and Danielle earns $95,000 a year. Select the best explanation for
this wage difference. a. Tiffany has more human capital than Danielle. b. Tiffany has less human capital than Danielle. c. Tiffany has been discriminated against because she is young. d. Danielle has been discriminated against because she is old.
When productivity increases in the production of agricultural products, the supply curve for agricultural products shifts rightward
Indicate whether the statement is true or false