Why might the market supply of workers increase when wages increase in a particular occupation or location?
What will be an ideal response?
Individual labor supply response to a wage increase is ambiguous, but an increase in wages in a particular industry will attract workers from other industries and from other locations to move to the higher-wage industry and location.
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In the 1980s, banks __________ the amount of highly speculative loans they were holding due to __________ deposit rates
A) increased; rising B) increased; falling C) decreasing; rising D) decreased; falling
What income groups are most likely to benefit from state and federal subsidies to higher education? Why?
A market in which finished goods and services are exchanged is a:
a) Product market. b) Financial market. c) Intermediate-goods market. d) Factor market.
Which of the following is NOT something a macroeconomist would study?
What will be an ideal response?