An increase in the marginal factor cost of labor will

A) lead to an increase in the quantity demanded of labor.
B) induce a firm to hire fewer workers.
C) lead to an increase in the value of an additional worker.
D) cause the value of the marginal product of labor to increase.


B

Economics

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Refer to the scenario above. Real GDP of the country has grown by ________

A) 0.2% B) 10% C) 5% D) 20%

Economics

The Fed buys $100 million of government securities from Bank A. What is the effect on the Federal Reserve's balance sheet?

A) Securities increase by $100 million and Federal Reserve notes (currency) decrease by $100 million. B) Securities increase by $100 million and reserves of Bank A increase by $100 million. C) Securities increase by $100 million and reserves of Bank A decrease by $100 million. D) Securities decrease by $100 million and reserves of Bank A increase by $100 million.

Economics

The relationship between environmental harm and national income per person for arsenic water pollution exhibits a(n)

A. inverted U-shaped curve. B. U-shape curve. C. downward sloping curve. D. upward sloping curve.

Economics

Banks destroy money when they:

A. fail to reissue loans that are paid off. B. clear checks against another bank. C. accept deposits of cash into checkable accounts. D. buy government bonds.

Economics