A technological advance that increases the marginal product of labor shifts the labor- ________ curve to the ________.
a. demand, left
b. supply, left
c. demand, right
d. supply, right
Ans: c. demand, right
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A politician states "taxes should be raised to provide more spending on school lunch programs." This is ____________
Fill in the blank(s) with the appropriate word(s).
Refer to Table 10-2. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?
A) -1% B) 1% C) 2% D) 4%
Suppose a comprehensive plan applies to 2,000 low-risk people and 1,000 high-risk people opting for insurance coverage. If the average claim submitted by low-risk people is $200 while that submitted by high-risk people is $2,000 . what would be the net benefit accrued by a high-risk person paying the break even premium charged by the insurance company?
a. -$300 b. $1,800 c. $1,200 d. -$400
The difference between the earnings of construction workers who work on bridges and skyscrapers and those who work on highways is probably due to
a. differences in education requirements. b. ability (mental) differences. c. a compensating differential. d. luck.