The argument that raising the employment tax leads to more employment is most likely to hold if the

A) labor supply curve has the same slope as labor demand.
B) labor supply curve has a steep slope.
C) labor demand curve is vertical.
D) labor supply curve has a relatively flat slope.


D

Economics

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The U.S. government spent $5 million during a particular year in providing food and shelter to earthquake victims in Japan. This is an example of a(n) ________

A) export to Japan B) transfer payment to Japan C) factor payment to Japan D) import from Japan

Economics

The Carolina Christmas Tree Corporation grows and sells 500 Christmas trees. The average cost of production per tree is $50 . Each tree sells for a price of $65 . The Carolina Christmas Tree Corporation's total revenues are

a. $7,500. b. $25,000. c. $32,500. d. $67,500.

Economics

Moral hazard occurs when the parties on once side of the market, who have information not known to others, self select in a way that adversely affects the parties on the other side of the market

Indicate whether the statement is true or false

Economics

Exhibit 14A-6 Aggregate demand and supply model ? Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 14A-6, the real GDP and price level (CPI) in long-run equilibrium will be: 

A. $10 billion and 200. B. $4 billion and 150. C. $10 billion and 150. D. $10 billion and 100.

Economics