If demand for the finished good increases, the demand for the type of labor producing this good will also increase
Indicate whether the statement is true or false
T
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Describe the differences (in sign and relative magnitude) between the government purchases multiplier and the tax multiplier
What will be an ideal response?
A new technology that increases the productivity of teachers has what effect on the labor market for teachers?
a. The wage rate will rise, and quantity of teachers employed will fall. b. The wage rate will rise, and quantity of teachers employed will rise. c. The wage rate will fall, and quantity of teachers employed will fall. d. The wage rate will fall, and quantity of teachers employed will rise. e. There is not enough information to determine what effects there are, if any.
Mo's current income is $100 more per month than his current consumption needs. He decides to use the $100 to reduce his credit card debt. As a result, his:
A. assets and his wealth will increase. B. liabilities will decrease and his wealth will increase. C. assets will decrease and his wealth will increase. D. liabilities and his wealth will decrease.
Sweden and Norway would best be described as _______ countries.
A. Capitalist B. Fascist C. Communist D. Socialist