As the wage rate increases for computer programmers, the
a. supply curve for computer programmers will shift to the right
b. supply curve for computer programmers will shift to the left
c. demand curve for computer programmers will shift to the left
d. minimum wage will fall in this labor market
e. supply curves for workers in similar industries will shift to the left
E
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The table above gives the production and prices for a small nation that produces only bread and soda. The base year is 2010. What is real GDP in 2010?
A) $530 B) $1080 C) $510 D) $210 E) $300
At high wage rates, the labor supply curve bends backward because the ________ effect dominates the ________ effect
A) income; price B) substitution; income C) substitution; price D) income; substitution
Imagine you regressed earnings of individuals on a constant, a binary variable ("Male") which takes on the value 1 for males and is 0 otherwise, and another binary variable ("Female") which takes on the value 1 for females and is 0 oth
Because females typically earn less than males, you would expect A) the coefficient for Male to have a positive sign, and for Female a negative sign. B) both coefficients to be the same distance from the constant, one above and the other below. C) none of the OLS estimators to exist because there is perfect multicollinearity. D) this to yield a difference in means statistic.
The Federal Open Market Committee consists of
a. the president and the Board of Governors. b. Congresspeople, Senators, and the Board of Governors. c. the Secretary of the Treasury and the Board of Governors. d. the Board of Governors and five district bank presidents.