Suppose the equilibrium quantity of labor hired decreases and the equilibrium real wage rate increases. All else constant, this situation will also result in
A) more government outlay for the unemployed. B) higher output prices.
C) lower output prices. D) fewer benefits for those still unemployed.
B
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In what two ways can education contribute to economic growth?
What will be an ideal response?
A trade surplus occurs when a country:
A. imports more than it exports. B. imports less than it exports. C. has a negative balance of trade. D. has a zero balance of trade.
According to the law of demand, if the price of a netbook decreases, ceteris paribus, the demand for netbooks would increase
a. True b. False Indicate whether the statement is true or false
Corporate profits that are not reinvested in the corporation are distributed to
a. consumers in the form of lower prices b. management and bondholders c. management and the board of directors d. shareholders in the form of interest e. shareholders in the form of dividends