Which of the following would reduce the supply of an athletic trainer's services at today's wage rate, other things constant?
a. a reduction in the individual's income from other sources
b. an improvement in the quality of the work environment
c. an increase in the amount of control the trainer has over the use of time on the job
d. a trainer's future earning possibilities go down due to a new negative image associated with this work
e. an increase in the trainer's preference for this type of work
D
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If the apartment owner can somehow see the effort of the each of the room mates and punishes with a loss of 5 to any room mate who doesn't clean, is that likely to lead to a more efficient outcome?
a. No because they would have to clean against their will b. Yes because now they would both get a utility of 3 c. No because neither of them like cleaning d. No because filth is good
If the government increases the income tax rate, consumers have:
A. less to spend and will reduce their consumption. B. more to spend and will reduce their consumption. C. less to spend and will increase their consumption. D. more to spend and will increase their consumption.
Elasticity of demand is likely to be higher for less-expensive goods, other things being equal
a. True b. False Indicate whether the statement is true or false
An economic theory is also known as an economic
A. conclusion. B. prediction. C. assumption. D. model.