The minimum payment you are willing to accept to do a job is your:
A. reservation price.
B. value of marginal product.
C. real wage.
D. nominal wage.
Answer: A
You might also like to view...
When the labor market is in equilibrium, real GDP ________ potential GDP
A) is greater than B) is equal to C) is less than D) might be greater than, less than, or equal to E) is not comparable to
China's State Council has encouraged more spending to "improve transportation links and other infrastructure...." It will also "step up its spending on vocational training and other educational programs for adults." www.nytimes
com, Keith Bradsher, October 19, 2008 Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of China's PPF. As a result of enacting the policies, China's PPF will A) shift outward. B) shift inward. C) rotate outward. D) become flatter.
Stretchy Socks, Inc, is expected to earn $2,000,000 in after-tax profits each year forever. The interest rate is 0.1 . What is the total value of all shares of stock in Stretchy Socks?
a. $1,818,182 b. $2,000,000 c. $16,528,926 d. $18,181,818 e. $20,000,000
The Great Depression provided significant evidence that
a. the economy always worked well on its own b. the economy always reached full employment on its own c. the economy may not always do well on its own d. the notion of laissez faire was correct e. the supporters of the classical model were correct