As a result of the relatively low female-to-male wage ratio in early-1800s New England,
a. the supply of women willing to work in factories increased.
b. the supply of women willing to work in farming declined.
c. the wages of female farm labor rose.
d. the North industrialized more quickly than the South.
e. All of the above.
e. All of the above.
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The figure above shows the loanable funds market. The equilibrium real interest rate is ________, and the equilibrium quantity of loanable funds is ________
A) 4 percent; $1.5 trillion B) 4 percent; $2.5 trillion C) 6 percent; $2.0 trillion D) 8 percent; $1.5 trillion E) 0 percent; $3.5 trillion
The typical relationship between a worker's productivity and the worker's wage rate is
A) high productivity workers receive low wage rates. B) low productivity workers receive low wage rates. C) no link between productivity and wages earned. D) high productivity workers find that their jobs are often outsourced. E) that workers with high productivity need to have their high wages protected by tariffs.
How can trade policy, fiscal policy, and monetary policy be used to support fixed exchange rates when there is a surplus of U.S. dollars?
What will be an ideal response?
Suppose the demand for good X is given by Qdx = 10 + axPx + ayPy + aMM. From the law of demand we know that ax will be:
A. greater than zero. B. less than zero. C. zero. D. none of the statements associated with this question are correct.