When the wage rate falls and nothing else changes, there is ________ the labor supply curve.
A) left shift
B) movement down
C) right shift
D) movement up
B) movement down
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In tribal societies, the village head leads by example and through persuasion; he lacks the ability to force people to do things.
Answer the following statement true (T) or false (F)
As of 2009, approximately what percentage of Americans lived below the poverty levels?
a. 10% b. 14% c. 19% d. 25%
If the marginal benefit curve is linear and downward sloping and the marginal cost curve is linear and upward sloping, an increase in the marginal cost that causes an upward shift of the curve will ________ the profit-maximizing number of units undertaken.
A) not change B) increase C) exactly double D) decrease
Which of the following is not considered part of the nuclear family?
a. ?Sons b. ?Grandparents c. ?Parents d. Daughters