In the United States, bank deposits up to a certain amount are insured by the FDIC.
Answer the following statement true (T) or false (F)
True
In the United States, bank deposits up to a certain amount are insured by the FDIC.
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Deb's income has just risen from $950 per week to $1,050 per week. As a result, she decides to increase the number of movies she attends each month by 5 percent. Her demand for movies is
A) represented by a vertical line. B) represented by a horizontal line. C) income elastic. D) income inelastic.
Suppose a gardener produces both tomatoes and squash in his garden. If he must give up 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is
a. 0.63 bushels of squash. b. 1.6 bushels of squash. c. 3 bushels of squash. d. 5 bushels of squash.
Which of the following can shift the labor demand curve to the right?
A. decrease in product price B. increase in wages C. increase in productivity D. decrease in the marginal product
Labor productivity growth depends on
i. saving and investment. ii. increases in human capital. iii. technological growth. A) Both ii and iii B) ii only C) i, ii, and iii D) iii only E) i only