Most of the world's population lives in:
A. North America.
B. the DVCs.
C. Western Europe.
D. the IACs.
B. the DVCs.
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An increase in the employment tax will have no effect on output if the labor supply curve
A) is perfectly vertical. B) has a positive slope. C) is perfectly horizontal. D) has a negative slope.
Refer to Table 4-8. If a minimum wage of $10.50 an hour is mandated, what is the quantity of labor demanded?
A) 400,000 B) 370,000 C) 340,000 D) 60,000
Suppose a bank has $10 million in capital, $100 million in assets, and after-tax profit of $2 million? what is its return on assets? What is its return on equity?
What will be an ideal response?
Why are real interest rates more important than nominal interest rates with regard to analyzing the supply and demand of loanable funds?