Households' labor supply decisions are influenced by all of the following except _______
A. the opportunity cost of taking leisure and not working
B. the after-tax wage rate
C. unemployment benefits
D. the number of full-time jobs available
D The number of full-time jobs available reflects firms' demand for labor not households' supply of labor.
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What will be an ideal response?
A negative cross elasticity indicates that two goods are complements.
Answer the following statement true (T) or false (F)
Generally, in the United States today, goods inflation:
A. under 5 percent is considered acceptable. B. that is negative is preferable. C. under 2.5 percent is considered acceptable. D. at zero is considered acceptable.
The primary gain from international trade is:
A. increased employment in the domestic export sector. B. more goods than would be attainable through domestic production alone. C. tariff revenue. D. increased employment in the domestic import sector.