If the wage rate were $25, how many workers would be hired?
Answer: 6
You might also like to view...
Answer the next question based on the following data. All figures are in billions of dollars.Personal taxes$40Social security contributions15Taxes on production and imports20Corporate income taxes40Transfer payments22U.S. exports24Undistributed corporate profits35Government purchases90Gross private domestic investment75U.S. imports22Personal consumption expenditures250Consumption of fixed capital25Net foreign factor income10Statistical discrepancy0GDP is ________.
A. $417 B. $492 C. $390 D. $422
In the United States, consumers usually pay less than the true cost of medical treatment because of
A) adverse selection. B) rising insurance premiums. C) rising insurance deductibles. D) third-party payers.
The U.S. government banned cigarette advertising on radio and television after January, 1971 . You would expect to find that after the ban took effect the price of magazine ads for
a. all goods fell. b. only cigarettes fell. c. all goods rose. d. only cigarettes rose.
The second-largest economy in the world belongs to
A. Germany. B. Japan. C. China. D. the United States.