Which of the following is likely to cause a right shift in the supply curve for labor?
A) An increase in the population
B) A decrease in the population
C) An increase in the price of the final good that the workers produce
D) A decrease in the price of the final good that the labor is used to produce
A
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Information in a firm's financial statements
A) assists investors who are considering buying the firm's stock. B) helps the firm's managers make decisions. C) guide resource allocation in the economy. D) all of the above
Which of the following is an example of a nonrival good?
a. food b. an automobile c. a view of the sun rising d. public housing e. a private apartment
For a given year, GDP includes the market value of the following:
A. stocks and bonds. B. bartered goods. C. services. D. land. E. second-hand cars.
Assuming transaction costs are small, the Coase theorem would predict that private parties could arrive at an efficient solution for which of the following problems?
a. One neighbor doesn't mow his lawn. b. One neighbor doesn't paint her house. c. One neighbor comes home on his noisy motorcycle late at night. d. All of the above are correct.