As one is beginning to learn economics, one should expect to learn
A. everything one needs to become an economist.
B. very little that will be useful in the real world.
C. a new way of thinking about the world.
D. the gross domestic product of every country in the world.
Answer: C
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The stockholder-lender conflict generally becomes greater
A) the smaller the firm. B) the larger the firm. C) the more the firm borrows from banks. D) the less the firm borrows from banks.
Economic discrimination exists when
A) there is an unequal distribution of income in a country. B) both income and wealth are unequally distributed in a country. C) there is unequal access to education. D) workers with the same marginal revenue products are paid different wages.
Which of the following will not result in a leftward shift of the market demand curve for labor?
a. a decrease in labor productivity b. a decrease in demand for the firm's product c. an increase in the wage rate d. a decrease in the firm's product price
A shift in supply means a change in the quantity supplied at _______ price(s).
a. low b. high c. no d. every