A firm's demand for labor
A) increases when the price of the firm's output falls.
B) decreases when the price of the firm's output falls.
C) decreases when the wage rate decreases.
D) always increases when the prices of other factors fall.
B
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If a hotel room priced at 120,000 Venezuela bolivar per night can be purchased for 80 U.S. dollars, the exchange rate is:
A. 9,600 bolivar per dollar. B. 1,500 dollars per lira. C. 1,500 bolivar per dollar. D. .00066 bolivar per dollar.
A rise in the price level because of an increase in the money wage rate...
What will be an ideal response?
The 1990 deficit reduction legislation
A. contained no new taxes. B. increased excise tax rates. C. increased the personal income tax rates by 10%. D. contained no reductions in non-defense spending.
Refer to the graph below. Suppose that its shows the S and D graphs in a market where production entails a significant amount of pollution. In this case, the government should use its coercive power to make:
A. The supply curve shift to the left
B. The supply curve shift to the right
C. The demand curve shift to the left
D. The demand curve shift to the right