Economic theory suggests that the standard of living of American workers would rise if:
a. the minimum wage were doubled.
b. older workers were forced to retire earlier, opening up jobs for younger workers.
c. people bought only American products.
d. the knowledge and skills of workers improved
d. the knowledge and skills of workers improved
You might also like to view...
Refer to the information provided in Table 14.3 below to answer the question that follows. Table 14.3B's Strategy ?AdvertiseDon't Advertise??A's profit $75 millionA's profit $200 million?AdvertiseB's profit $75 millionB's profit $50 millionA's Strategy????Don'tA's profit $50 millionA's profit $100 million?AdvertiseB's profit $200 millionB's profit $100 millionRefer to Table 14.3. What is the Nash equilibrium in the game?
A. (Don't Advertise, Advertise) B. (Don't Advertise, Don't Advertise) C. (Advertise, Advertise) D. (Advertise, Don't Advertise)
What is the function of the World Bank?
What will be an ideal response?
Sugar is an input used to produce cereal. Suppose that the price of sugar rises. As a result
A) the supply curve for sugar will shift to the right.
B) the supply curve for sugar will shift to the left.
C) the supply curve for cereal will shift to the right.
D) the supply curve for cereal will shift to the left.
The value of land is determined in part by what firms and households are willing to pay for it.
Answer the following statement true (T) or false (F)