If more teenagers stay in school longer rather than dropping out and entering the labor force,
A. The number of discouraged workers increases.
B. The unemployment rate goes up.
C. The production possibilities curve shifts outward.
D. The production possibilities curve shifts inward.
Answer: D
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What will be an ideal response?
Suppose that the wage for musicians decreases relative to other occupations. We know that ________ people will work in music, and the total number of hours worked will ________.
A. more; increase B. more; decrease C. fewer; increase D. fewer; decrease
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A. checks issued by the U.S. government. B. backed by gold. C. paper currency. D. savings bonds.
Substitute goods are
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