A firm purchases more capital equipment. We would expect to observe
A) a decrease in the supply curve of labor to this firm.
B) an increase in the supply of labor for this firm.
C) an increase in the demand for labor by this firm.
D) an increase in the wage rate paid for labor by this firm.
Ans: C) an increase in the demand for labor by this firm.
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Economic growth refers to an increase in:
A) tax rates. B) prices. C) GDP per capita. D) population.
We use interest rates to measure the opportunity cost of holding money
Indicate whether the statement is true or false
What does the slope of the budget line equal?
What will be an ideal response?
An economy that does not have interactions in trade or finance with other economies is referred to as
A) a closed economy. B) an open economy. C) a net foreign investment economy. D) a trade-balanced economy.