Which of the following economic and/or political rights does the labor movement work toward gaining?
(a) Property rights for women
(b) The right to vote for women
(c) The right to vote for non-owners of property
(d) All of the above
(d)
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According to classical growth theory, when real GDP per person ________, the population grows
A) is less than the subsistence real income B) is less than capital per hour of labor C) is constant D) exceeds the subsistence real income E) exceeds capital per hour of labor
An increasing returns to scale production function could be quasiconcave.
Answer the following statement true (T) or false (F)
The demand curve for labor shows the ________ of labor employers wish to hire at any given salary or wage rate, under the ceteris paribus assumption.
a. quality b. frequency c. quantity d. type
Gertie saw a pair of jeans that she was willing to buy for $35. The price tag, though, said they were $29.99. Therefore:
A. Gertie should buy the jeans because the price is less than her reservation price. B. Gertie should buy the jeans because the price is more than her reservation price. C. Gertie should not buy the jeans because the price is not equal to her reservation price. D. Gertie should not buy the jeans because they will be of lower quality than she expected.