The supply curve for a product reflects the
a. willingness to pay of the marginal buyer.
b. quantity buyers will ultimately purchase of the product.
c. cost to sellers of producing the product.
d. seller's profit from producing the product.
c
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Which of the following explains the cause of the change in the unemployment rate at the end of a recession?
A) Firms are hesitant to rehire laid off workers as they continue to operate below capacity. B) Discouraged workers leave the labor force, and this makes the unemployment rate rise. C) Discouraged workers return to the labor force, and this makes the unemployment rate fall. D) Firms rapidly hire new workers at the first sign of an increase in demand for their goods.
Which of the following statements is least accurate with regard to immigration after the Civil War?
a. The number of immigrants fluctuated dramatically until World War I. b. The proportion of immigrants from Northern and Western Europe fell dramatically. c. The cost of crossing the Atlantic was much lower than it was in earlier decades. d. A growing network of relatives in the US could help immigrants find jobs and places to live. e. The majority of immigrants moved to the Midwest to take advantage of the excellent farming opportunities.
The federal government's principal tool in altering consumer spending is changing
a. corporate income taxes. b. federal sales taxes. c. unemployment insurance benefits. d. personal income tax rates.
Refer to the above table. The production of this good goes through 4 different stages of production. What is the value added at Stage 2?
A. $0.75 B. $0.10 C. $0.02 D. $0.08