Between 1994 and 2009, the number of welfare recipients in the U.S.:
a. fell by 71%.
b. rose by 71%.
c. fell by 18%.
d. rose by 66%.
a
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When natural or legal forces work to protect a firm from potential competitors, the market is said to have ________
A) non-competitive supply B) non-competitive entry C) barriers to entry D) restricted competition
Refer to Table 4-8. Suppose that the quantity of labor demanded decreases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
A) W = $10.00; Q = 390,000 B) W = $8.50; Q = 340,000 C) W = $9.50; Q = 380,000 D) W = $8.00; Q = 350,000
Suppose individuals expect an increase in future taxes. Explain what effect this expected increase in future taxes will have on the yield curve and on stock prices in the current period
What will be an ideal response?
Assume that automobiles are a normal good. An increase in income will
A. shift the marginal revenue product curve of auto workers to the left. B. move a firm down the marginal revenue product curve of auto workers. C. have no effect on the marginal revenue product curve of auto workers. D. shift the marginal revenue product curve of auto workers to the right.