An increase in number of foreign immigrants allowed into the country who wish to work will:
A. increases labor demand.
B. increases labor supply.
C. decreases labor supply.
D. decreases labor demand.
Answer: B
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This table shows individual demand schedules for a market.
According to the table shown, at a price of $1.00, how much of the good will be demanded by Betty?
A. 16
B. 11
C. 46
D. 30
Suppose that in the year 2015 our national debt were $8 trillion and our budget deficit were $250 billion. If a plan to gradually reduce the deficit and to balance the budget in the year 2025 were successful, make an estimate of the national debt in 2025.
What will be an ideal response?
Which of the following machines has the lowest user cost? Machine A costs $15,000 and depreciates at a rate of 25%, machine B costs $10,000 and depreciates at a rate of 20%, machine C costs $20,000 and depreciates at a rate of 10%, and machine D costs $17,000 and depreciates at a rate of 11%. The expected real interest rate is 0%.
A. Machine A B. Machine B C. Machine C D. Machine D
? If a consumer is currently at Point E on Figure 5-13, she will
A. choose to move to the combination at C to make herself better off. B. choose to move to the combination at D to make herself better off. C. reduce expenditures to make herself better off. D. stay at Point E, since that combination is the cheapest alternative to be on indifference curve U1.