AFL-CIO stands for:
A. American Federation of Labor-Congress of Industrial Organizations.
B. American Federation of Labor-Committee for Industrial Opportunity.
C. Assembly of Factory Laborers-Congress of Industrial Organizations.
D. Assembly of Factory Laborers-Committee for Industrial Opportunity.
Answer: A
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Which of the following would not be considered physical capital?
A. An optical lens B. A trained physicist C. A spotlight D. A clipboard
With few applicants and several key positions to fill, the owner of a computer support company increased the starting wage offered from $20.00 to $25.00 per hour. With the higher wage, there were more qualified applicants than needed, and all the positions were filled. What is true of the increased wage offer?
a. It sets $25.00 as the equilibrium wage. b. It establishes the equilibrium quantity. c. It attracted a surplus of labor. d. The quantity demanded exceeded the quantity supplied.
If the MPC = 0.75 and a household obtains $50,000 more dollars then how much would the household spend of the additional $50,000?
A. $12,500 B. $37,500 C. $40,000 D. $50,000
Demand pull inflation occurs in the ______________ range of the aggregate supply curve.
Fill in the blank(s) with the appropriate word(s).