Which of the following moves the wage above its equilibrium value?
a. both compensating differentials and efficiency wages
b. compensating differentials but not efficiency wages
c. efficiency wages but not compensating differentials
d. neither compensating differentials nor efficiency wages
c
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Most of the increase in the monetary base between 2007 and 2012 was due to increases in:
A) currency B) bank deposits C) excess reserves D) Treasury bills
Upon graduating from high school you have a job offer which would provide you with $20,000 in income for the coming year. You have also been accepted to Isaac and Avery college. Tuition for the coming year at I&A college is $15,000 . room and board is $10,000 and you expect that books will cost you $2,000 . What is the opportunity cost of attending I&A college?
a. $37,000 b. $27,000 c. $20,000 d. $32,000 e. $47,000
Which one of the following government actions is intended to generate positive externalities?
A. Subsidies for planting trees on hillsides B. Requiring autos to meet minimum emissions regulations C. Speed limits on the highways D. Taxing polluting industries
Which of the following is an impact of increased illegal immigration on an economy?
A. The rate of inflation in the receiving country increases. B. The demand for government services like education and health care increases. C. The real wage rate of workers increases. D. The demand for labor in the receiving country declines.