A study that deals with the salaries of university professors would be considered:
A. microeconomics
B. real economics
C. economic naturalism
D. macroeconomics
Answer: A
You might also like to view...
Differences in size of real GDP across countries are best explained by
A. Large farming sector. B. Population growth. C. Human capital. D. None of the choices are correct.
Refer to the scenario above. In this case, the employer may prevent shirking by ________
A) paying an efficiency wage to each worker B) paying a wage less than minimum wage C) reducing the nominal wage paid to workers D) reducing the real wage paid to workers
If the prices of X and Y are $2 and $4 per unit, respectively, and this consumer has $10 in income to spend, to maximize total utility, this consumer should buy:
A. 1 unit of X and 1 unit of Y.
B. 2 units of X and 2 units of Y.
C. 1 unit of X and 2 units of Y.
D. 5 units of X and no units of Y.
If labor contracts prevent wage flexibility, the aggregate supply curve will be
A) vertical. B) horizontal. C) negatively sloped. D) positively sloped.