Work disincentives in the system of Social Security have seen the number of persons in the program increase dramatically. What incentives could be put in place to reverse, or at least slow, this trend?
What will be an ideal response?
Work disincentives in the system of Social Security have seen the number of persons in the
program increase dramatically. What incentives could be put in place to reverse, or at least
slow, this trend?
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Suppose Argyle Sachs has to choose between building a smaller sweater factory and a larger sweater factory
In the following graph, the relationship between costs and output for the smaller factory is represented by the curve ATC1, and the relationship between costs and output for the larger factory is represented by the curve ATC2. a. If Argyle expects to produce 3,600 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain? b. If Argyle expects to produce 5,000 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain. c. If the average cost of producing sweaters is lower in the larger factory when Argyle produces 6,500 sweaters per week, why isn't it also lower when Argyle produces 4,000 sweaters per week?
The fact that supermarkets, a land-intensive form of organization, have become the dominant form of grocery store in the United States suggests that:
A) there is little or no potential for input substitution in the grocery store business. B) transportation costs are insignificant in the grocery store business. C) land is a relatively inexpensive input in the grocery store business. D) labor is relatively inexpensive in the grocery store business.
Why does a monopsonist's marginal expenditure curve lie above the labor supply curve?
What will be an ideal response?
Which of the following would be included in the government expenditures component of GDP?
a. The export of 100 fighter jets to Japan b. Construction costs of a new public school building c. Food stamps used by the Smith family d. A $1,000 check issued by the federal government as part of the Pell Grant program to help college students pay for school