Use the above table. The MPC is
A. 0.09.
B. 0.91.
C. 0.80.
D. 0.20.
Answer: C
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An increase in the real wage would result in a
A. shift of the labor demand curve, causing a decrease in the number of workers hired by the firm. B. movement along the labor demand curve, causing a decrease in the number of workers hired by the firm. C. shift of the labor demand curve, causing an increase in the number of workers hired by the firm. D. movement along the labor demand curve, causing an increase in the number of workers hired by the firm.
Social Security _____
a. reduces the incentive to save b. increases the incentive to save c. has no effect on saving d. increases the incentive to save when population growth is falling and decreases the incentive to save when population growth is falling
The U.S. textile industry is relatively small because the United States imports most of its clothing. A clear result of the importation of clothing is that:
A. the quality of clothing is lower than it would be without imports. B. the price of clothing is lower than it would be without imports. C. there is less variety available than there would be without imports. D. the price of clothing is higher than it would be without imports.
A government policy of providing job training for unskilled youths is an example of a policy to promote economic growth by:
A. increasing physical capital. B. improving technology. C. increasing the availability of natural resources. D. increasing human capital.