Which of the following has a tendency to raise the unemployment rate?
A) implementing a minimum wage above the market wage in an economy
B) reducing unemployment insurance in an economy
C) offering wages at the market-clearing rate
D) reducing labor union membership in an economy
Answer: A
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The figure above shows a nation's consumption function. The amount of autonomous consumption expenditure is
A) $1 trillion. B) more than $3 trillion. C) $3 trillion. D) $0. E) $2 trillion.
What are some of the main advantages and disadvantages of the extensive financial and commercial networks linking nations today?
What will be an ideal response?
All else constant, an increase in the amount of government spending on roads and bridges would cause GDP in the domestic economy to increase
Indicate whether the statement is true or false
If Mason's marginal benefit derived from the consumption of another candy bar is greater than the price of the candy bar,
a. Mason will not purchase any more candy bars. b. Mason will increase his total satisfaction by purchasing the candy bar. c. the opportunity cost of the candy bar is lower than the price. d. Mason will decrease his total utility if he purchases the candy bar.