An economic boom predicts the new equilibrium wage would be:

A. higher because the labor demand curve shifts right.
B. lower because the labor demand curve shifts right.
C. lower because the labor demand curve shifts left.
D. higher because the labor demand curve shifts left.


Answer: A

Economics

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The Basel committee

A) takes advantages of loopholes in multinational banks B) does not support regulatory agencies that monitor the assets of banks' foreign subsidiaries. C) submitted its Concordat in 1975 and was then disbanded. D) continues to be the major forum for cooperation in the regulation of international banking. E) met for the first time in 1975.

Economics

Which of the following is likely to push the federal debt increasingly higher in the coming decades?

a. a strong rebound from the recession of 2008-2009 b. increased expenditures on the Social Security and Medicare programs c. an increase in tax revenues as the baby boom generation retires d. increased political pressure to balance federal budgets

Economics

An example of a perfectly competitive market would be the market for

a. electricity. b. soybeans. c. coffee shops. d. restaurants.

Economics

Commodity egalitarianism refers to commodities that

A. are important for most consumers. B. are too dangerous for most consumers. C. should be made available to all consumers. D. are good ideas but never produced.

Economics