Which of the following events will cause a downward movement along the value of marginal product of labor curve?
a. An increase in wage rate
b. An increase in price of the product
c. A decrease in wage rate
d. A decrease in price of the product
C
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Economists closely follow the current account balance because they believe it can provide information on the future movement of
A) interest rates. B) gold flows. C) exchange rates. D) special drawing rights.
The Constitution helped establish a secure and well-defined system of property rights and rights of persons because it did which of the following?
(a) It established that people could be deprived of property without due process of law. (b) It loosely defined which contracts would be enforced. (c) It permitted bankruptcy without just cause and required government stamp of approval. (d) It let market forces, not government, set prices on the sale of land among private citizens.
Banks are required to hold reserves against the total value of all their assets
a. True b. False Indicate whether the statement is true or false
Which of the following is a cause of the changing role of women in American society over the past several decades?
a. new technologies that have reduced the amount of time required to complete routine household tasks b. improved birth control c. changing political and social attitudes d. All of the above are correct.