In the above figure, if the union has Q2 members and wants to ensure that all members have jobs, it will set wage equal to
A) W1.
B) W2.
C) W3.
D) none of the above.
B
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Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is $4 and the wage rate is $50 per day, how many workers should Winnie employ to maximize his profit?
A) 1 B) 2 C) 3 D) 4
The largest liability of the Fed from those on this list is
A) U.S. Treasury securities. B) mortgage-backed securities. C) loans to depository institutions. D) currency outstanding.
The base for the purchasing power parity adjustment of the GNI is the cost of living in the United States.
a. true b. false
Legalizing all forms of illegal activities
A) reduces GDP and reduces the size of the underground economy. B) reduces GDP and increases the size of the underground economy. C) increases GDP and reduces the size of the underground economy. D) increases GDP and increases the size of the underground economy.