In the above figure, at a wage rate of $20 per hour
A) there is a shortage of labor.
B) there is a surplus of labor.
C) the labor supply curve will shift rightward.
D) the labor demand curve will shift rightward.
B
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A budget surplus occurs when ________
A) government spending exceeds tax revenue B) tax revenue exceeds government spending C) imports exceed exports D) exports exceed imports
At the point where the marginal revenue equals zero for a monopolist facing a straight-line demand curve, total revenue is:
a. greater than 1. b. maximum. c. less than 1. d. equal to zero.
When you start saving even a small amount early in life and continue saving for a long time (e.g., until you retire), you can build up a large “nest egg” because of:
a. compound interest. b. simple interest. c. taking big risks. d. sacrificing all the good things earlier.
In a boom:
a) Unemployment is likely to fall b) Prices are likely to fall c) Demand is likely to fall d) Imports are likely to fall