As the number of billboards for a firm's product increases from 100 to 500, its sales increase from $1,000 to $10,000. If this information is plotted on a line chart, the slope of the line equals ________.
Answer: $22.50
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How might unemployment benefits create a moral hazard problem?
What will be an ideal response?
A compensating differential is
a. a difference in pay due to nonmonetary characteristics of different jobs. b. a high wage paid by employers to entice workers to be more productive. c. the difference between the quantity of labor supplied and the quantity of labor demanded at the minimum wage. d. due only to difference in the productivity of workers with different skills.
When aggregate demand increases,
A) the price level is likely to rise as GDP rises. B) the price level is likely to fall as GDP rises. C) aggregate supply will shift to the right. D) aggregate supply will shift to the left.
What are the two major problems facing the health care system of the United States?
A. The inadequate supply of physicians and the need to build more hospitals B. Increasing the demand for and supply of health care C. The rapid rate of technological change and an unhealthy population D. The need to control costs and make health care accessible