A decrease in the supply of labor will ________ real wages and ________ employment
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
B
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Taxes on emissions have come to be called
A) the "command and control" approach. B) "licenses to pollute." C) spillover costs. D) the fallacy of false alternatives.
Executive board members of the European System of Central Banks are appointed by:
A. a committee made up of heads of state of member countries. B. a committee made up of bank presidents in the member countries. C. the finance ministers of member countries. D. the directors of the National Central Banks.
Suppose 10 percent of the families receive 10 percent of the income, 20 percent of the families receive 20 percent of the income, and so forth. The Lorenz curve would be
A) a straight line at a 45-degree angle from the origin. B) a straight line at a 30-degree angle from the origin. C) the most bowed curve possible. D) the horizontal axis.
A decrease in nonlabor income leads to ________ in consumption and ________ in labor supply.
A. a decrease; a decrease B. an increase; an increase C. an increase; a decrease D. a decrease; an increase