Suppose that college professors at public universities are unionized. If public university college professors change their minds and vote not to be unionized, the quantity of public university college professors demanded will
a. rise. The supply of workers in other similar professions will also rise.
b. rise. The supply of workers in other similar professions will fall.
c. fall. The supply of workers in other similar professions will rise.
d. fall. The supply of workers in other similar professions will also fall.
b
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Which of the following statements is true?
A) Arguments based on anecdotes are always true. B) In the scientific method, anecdotes are more important than data. C) Arguments by example are appropriate when contradicting a blanket statement. D) It is easier for a researcher to jump to a wrong conclusion when she uses a large data set.
In 2008, Germany had a budget deficit of 37 billion euros. This will budget deficit ________ the supply of loanable funds and ________ the real interest rate
A) increased; lowered B) decreased; raised C) decreased; lowered D) increased; raised
If demand is inelastic, then price and total revenue are directly related.
Answer the following statement true (T) or false (F)
Refer to the above table. If the price of the product is $1.50, and the marginal factor cost of an additional unit of an input is $105, how many units of labor should be hired?
A. 14 B. 13 C. 11 D. 12