Refer to the given information. This labor supply curve demonstrates that:
Answer the question on the basis of the following supply information facing a single firm in a particular labor market:
A. the firm is selling its output under imperfectly competitive conditions.
B. the firm is selling its output under purely competitive conditions.
C. higher wage rates must be paid to successive workers to overcome their higher opportunity costs.
D. the firm is hiring labor under purely competitive conditions.
C. higher wage rates must be paid to successive workers to overcome their higher opportunity costs.
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At the output where the combined amounts of consumer and producer surplus are largest
A. marginal benefit exceeds marginal cost by the greatest amount. B. consumer surplus exceeds producer surplus by the greatest amount. C. the areas of consumer and producer surplus necessarily are equal. D. the maximum willingness to pay for the last unit of output equals the minimum acceptable price of that unit of output.
Stocks are a
A) form of equity. B) form of debt. C) form of debt and equity. D) just a way for firms to borrow money.
Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real GDP and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. There is not enough information to determine what happens to these two macroeconomic variables. b. Real GDP rises, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). c. Real GDP rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). d. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). e. Real GDP and net nonreserve-related international borrowing/lending remain the same.
Who would NOT be counted among the unemployed?
A. A stay-at-home parent who reentered the workforce and was subsequently laid off B. A factory worker fired due to incompetence C. A fast-food worker laid off due to lack of work D. A full-time student pursuing a degree instead of working