According to supply-side theory, which of the following would cause a rightward shift in the aggregate supply curve?
A. Eliminating government-funded training programs for the structurally unemployed.
B. Increasing transfer payments to the unemployed.
C. Eliminating job search assistance.
D. Lifting trade restrictions.
Answer: D
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A) 75 B) 36 C) 100 D) 27
If two individuals have identical schooling, their incomes will be equal
a. True b. False Indicate whether the statement is true or false
In a long-run equilibrium, a firm in a monopolistically competitive market operates
a. where marginal revenue is zero. b. where marginal revenue is negative. c. on the rising portion of its average total cost curve. d. on the declining portion of its average total cost curve.
Mike and Tom debone chicken breasts for Ted's Chicken Co. Mike is new and can only debone 30 chicken breasts per hour, while Tom's experience allows him to debone 60 chicken breasts per hour. Both Mike and Tom work 40 hours per week. Their average hourly productivity as a team is ________ chicken breasts.
A. 90 B. 45 C. 30 D. 60