The negative slope of the labor demand curve can be attributed to:
A) Moore's Law.
B) the Law of Accelerating Returns.
C) the Law of Diminishing Marginal Utility.
D) the Law of Diminishing Marginal Returns.
D
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Amalgamated Widget Company is currently considering which investment projects it should undertake. The following list of projects along with the estimated rate of return of each project is presented to the executive management team:Project A (9%)Project B (7.5%)Project C (6.5%)Project D (11%)Project E (5.5%)The current interest rate in the loanable funds market is 6%. However, if an increase in government borrowing pushes the interest rate to 8%, we would expect the company to undertake ________ projects.
A. four B. five C. two D. three
If a government has a budget deficit, it must
A) decrease its expenditures. B) borrow in the loanable funds market. C) decrease taxes. D) increase taxes. E) lower the real interest rate.
Questions about employment history on a loan application are used to prevent
A) moral hazard. B) adverse selection. C) market signaling. D) risk aversion.
It is argued that global trade tends to be more important to countries with smaller economies than the U.S. Is this empirically verified?
What will be an ideal response?