The relationship between the wage rate and the quantity of labor that workers wish to supply in total is called:
a. the market supply curve for labor
b. the market demand curve for labor.
c. an individual demand curve for labor.
d. an individual supply curve for labor.
a
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In two-part pricing
A) consumers pay a lump-sum for all the goods purchased. B) the consumer must pay a lump sum if he buys more than a certain number of units of a good. C) a firm charges more for units purchased on the weekend than for those purchased during the week. D) the average price paid per unit is higher with a small number of units purchased than if a large number of units is purchased.
Which of the following best defines affirmative action?
a. Giving special rights to minorities in hiring b. Providing multicultural training to workers c. Basing income distributions on race d. Evaluating the diversity of a workforce
Answer the following questions:
a. What is meant by the term "business cycle"? b. What economic indicators would indicate where the economy is in the business cycle? Explain. c. Give the four phases of the business cycle in their order of occurrence. d. What criterion must be met for our economy to be officially in a recession?
Other things the same, if U.S. residents wanted to buy more foreign-made computers and foreign residents wanted to purchase more U.S. bonds then,
a. U.S. net exports and the exchange rate would rise. b. U.S. net exports would rise, but what would happen to the exchange rate is uncertain. c. U.S. net exports would fall, but what would happen to the exchange rate is uncertain. d. U.S. net exports and the exchange rate would fall.