Which will not cause the supply curve to shift?
a. A change in the prices of other goods
b. A technological change
c. A change in the price of the good
d. A change in resource costs
c. A change in the price of the good
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The new endogenous growth theory concludes that sustained economic growth in a country comes from the interaction of labor, investments in physical and human capital, and what is perhaps the key ingredient:
A) natural resources. B) the production of ideas. C) post-secondary education within that country. D) immigration into that country.
A perfectly competitive market is characterized by the free entry and exit of firms
a. True b. False Indicate whether the statement is true or false
An increase in aggregate demand is most likely to be caused by an increase in:
a. Interest rates for home mortgages b. government regulations on business firms c. consumer confidence d. taxes on households
If there is a widespread bias against African-American workers, an increase in the collective discrimination coefficients of employers will:
A. reduce the African-American wage rate, increase African-American employment, and lower the actual African-American-white wage ratio. B. reduce the African-American wage rate, decrease African-American employment, and lower the actual African-American-white wage ratio. C. increase the African-American wage rate, increase African-American employment, and increase the actual African-American-white wage ratio. D. increase the African-American wage rate, reduce African-American employment, and increase the actual African-American-white wage ratio.