A major computer software company maintains a technical support center in a rural area and is the only employer in this region
Suppose the firm develops a new software system for managing technical support calls, and the marginal product of labor increases. What happens to the equilibrium outcome in this labor market? A) Labor demand shifts rightward, equilibrium wage and employment levels decline
B) Labor demand shifts rightward, equilibrium wage and employment levels increase
C) Labor demand curve remains the same, equilibrium wage and employment levels increase
D) Labor demand curve remains the same, equilibrium wage and employment do not change
E) none of the above
B
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Refer to Scenario 5.2. Randy's expected expense for his car is
A) $20,000. B) $19,000. C) $18,000. D) $17,500. E) $15,000.
Employers tailor compensation packages to attract employees who will give them a competitive edge in the market
Indicate whether the statement is true or false
Joshua claims that the U.S. jewelry industry is in trouble because U.S. jewelry workers are unionized, whereas jewelry workers in less-developed countries are not. Joshua is using which argument against free trade?
a. diversity of industry argument b. national security argument c. infant industries argument d. cheap foreign labor argument e. antidumping argument
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and current international transactions in the context of the Three-Sector-Model?
a. The GDP Price Index falls, and current international transactions become more negative (or less positive). b. The GDP Price Index and current international transactions remain the same. c. The GDP Price Index rises, and current international transactions remain the same. d. There is not enough information to determine what happens to these two macroeconomic variables. e. The GDP Price Index rises, and current international transactions become more positive (or less negative).