Increased border patrol will affect the labor market in California. With a(n) ________ in labor supply, we would expect wages to ________.
A. decrease; increase
B. decrease; decrease
C. increase; decrease
D. increase; increase
Answer: A
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The more firms there are in an oligopoly in which the strategic firm variable is quantity, the more price converges to marginal cost.
Answer the following statement true (T) or false (F)
If the government undertakes expansionary fiscal policy, it might:
A. decrease government spending. B. increase corporate income taxes. C. increase income taxes. D. decrease income taxes.
Which of the following statements about the gender gap in income is correct?
A. The typical woman in the U.S. earns about 75% as much as the typical man. B. In higher education, women are under-represented in more lucrative majors such as physics and chemistry. C. Gender discrimination against women resulted in an excess supply of female workers in female-dominated occupations. D. All of these
If output per capita grows by a constant 6% per year, then the standard of living would grow by about ________ over 3 years
A) 12% B) 17% C) 18% D) 19% E) 20%