Which of the following changes will be observed in the labor market of a country that follows strict population control measures?
a. The labor supply curve will shift to the right.
b. The labor demand curve will shift to the right.
c. The labor supply curve will shift to the left.
d. The labor demand curve will become flatter.
c
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According to this Application, falling home equity values have decreased consumer wealth, which is a measure of a consumer's
A) total net worth. B) annual income. C) annual income minus total expenses. D) annual income minus annual expenses.
The original intention of the Fed's role as lender of last resort was to make loans to banks that were
A) not illiquid nor insolvent. B) illiquid, but not insolvent. C) insolvent, but not illiquid. D) both illiquid and insolvent.
If an industry currently has a Herfindahl index of 900 and a merger would raise that to 950, then the Department of Justice would generally
a. challenge the merger because the index would become too large b. challenge the merger because the change in the index is too large c. not challenge the merger because the postmerger index is less than 1,800 d. not challenge the merger if it is a horizontal merger e. challenge the merger if it is a vertical merger
In order for something to be used as money, it must be _____
a. issued by the government b. issued by banks c. declared to be money d. generally acceptable e. made of something valuable