Research suggests that taller workers tend to earn more income than shorter workers. What does this suggest about the relationship between workers' height and their productivity?
If taller workers' earnings are greater, as the data suggest, then it is likely that taller workers are more productive than shorter workers.
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What is the law of demand?
What will be an ideal response?
The equilibrium interest rate in a money market is determined by: a. the rate of inflation
b. aggregate demand and aggregate supply. c. money demand and money supply. d. the Congress. e. the Fed.
The figure below shows the domestic demand (Dd) and domestic supply (Sd) curves of mopeds in a country before an import quota is imposed by the government. After the imposition of the quota, the maximum import quantity is QQ.
After the quota is imposed by the government, the domestic producers
A. gain $27.5 million. B. gain $42.5 million. C. lose $2.5 million. D. lose $45 million.
Use the above figure. The profit-maximizing output and price for this monopolistically competitive firm are respectively
A. 210 and $15. B. 160 and $16. C. 160 and $13. D. 100 and $19.