Ajax Corporation has just decided to let managers work from home one day a week. This decision will make working conditions better and will
A) cause the demand curve for labor for managers to increase.
B) increase the elasticity of demand for labor for managers.
C) lead to an increase in the supply curve of labor for managers.
D) leave the supply curve of labor unchanged.
Ans: C) lead to an increase in the supply curve of labor for managers.
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In the Keynesian model, an increase in real autonomous spending results in a greater increase in real Gross Domestic Product (GDP) if
A) the marginal propensity to consume (MPC) is lower. B) the marginal propensity to consume (MPC) is higher. C) the average propensity to save (APS) is higher. D) the average propensity to save (APS) is lower.
Which of the following factors has the most quantitative importance on the oversimplified multiplier formula?
a. it ignores variable imports b. it ignores price-level changes c. it ignores income taxes d. All of these equally affect the oversimplified multiplier formula
An In the News article titled "State Lotteries: a Tax on the Uneducated and the Poor" reports that poor people spend a larger percentage of their income on government-promoted gambling than do rich people. On the basis of this information, we can conclude that lotteries function as
A. A progressive tax. B. A property tax. C. An income tax. D. A regressive tax.
Refer to the information provided in Table 20.1 below to answer the question(s) that follow. Table 20.1
Refer to Table 20.1. Guatemala has
A. a comparative advantage in orange production. B. an absolute advantage in orange production. C. a comparative advantage in banana production. D. an absolute advantage in banana production.