Which of the following shifts long-run aggregate supply left?
a. a decrease in either natural resources or the human capital stock.
b. a decrease in the human capital stock, but not natural resources.
c. a decrease in natural resources, but not the human capital stock.
d. neither a decrease in natural resources nor the human capital stock.
a
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If KeKe, age 32, worked 12 hours as a paid employee the week before the Current Population Survey, KeKe is classified in the Current Population Survey as ________ when calculating the unemployment rate
A) a discouraged worker B) employed C) underemployed D) not in the labor force E) unemployed
Changes in market prices tend to
A) change the plans of suppliers. B) change the plans of demanders. C) change the plans of suppliers and demanders. D) have no predictable effect on anybody's plans.
Is Water a Free Good?
- Is water a free good or a scarce good? Why?
- Why would a higher price for water reduce the likelihood of a future water shortage?
The total revenue of Grandma's Fudge Factory is equal to the:
A. average cost times quantity sold. B. elasticity of demand divided by percentage change in quantity. C. price of fudge times quantity sold. D. income minus explicit and implicit costs.