If a policy is implemented that reduces unemployment benefits by 50 percent and reduces by 50 percent the time the unemployed can collect these benefits, then this would most likely shift the
A. labor supply curve to the left.
B. labor supply curve to the right.
C. labor demand curve to the right.
D. labor demand curve to the left.
Answer: B
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If Veronica withdraws $1,500 from her checking account and holds it as currency, then M1 will ________ and M2 will ________
A) increase; decrease B) increase; not change C) not change; decrease D) not change; not change
In the market for crude oil, everything held constant, if rate of interest of simple bank accounts or interest-bearing investments decline, then:
a. the consumption of crude oil declines in the present period. b. the extraction of crude oil will increase today. c. the price of the crude oil in the international market falls in the present period. d. greater research and developments are conducted to locate new sites of crude oil in the present period. e. the extraction of crude oil will fall in the present period.
Karl Marx and Friedrich Engels believed that the ideal communist society would come about when
A. the state withered away. B. the state gained control of the economy's means of production. C. there was private ownership of the means of production. D. all large corporations remained in private hands, but were regulated by the government.
In an open shop no one is forced to ___________.
Fill in the blank(s) with the appropriate word(s).