As the wage rate increases, the income effect tends to reduce the quantity of labor supplied to the market
a. True
b. False
A
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The negative slope of the production possibilities frontier represents the idea
A) that free lunches are possible. B) of tradeoffs, that in order to produce more of one good, the nation must produce less of another. C) of unemployment. D) of inefficient production. E) that prices rise as less is produced.
In the market for Canadian dollars measured in US dollars, the demand for Canadian dollars is
a. The supply of Canadian dollars b. The demand for US Dollars c. The supply of US dollars d. None of the above
The process by which risks are shared among many different assets or people is called:
A. diversification. B. the credit risk. C. the liquidity process. D. the risk spread.
If you were going to evaluate the how much money you will have after ten years of saving $100 per month, which Excel function would help you calculate it?
A. FV B. Profit C. PMT D. Invest