If Sharnae's individual labor supply curve is backward sloping, then Sharnae responds to an increase in her
a. wage by working fewer hours per week.
b. opportunity cost of leisure by taking more hours of leisure per week.
c. wage by working more hours per week.
d. Both a and b are correct.
d
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The relationship between sales and revenue is
A) a direct relationship. B) independent. C) a negative relationship. D) an inverse relationship.
Households act as suppliers when they provide
a. goods and services to firms and governments b. resources to firms and governments c. tax payments to governments d. the demand for only what firms supply or make available e. money to firms in exchange for goods and services
If you go to the movies on Thursday night, the only cost to you is the price you pay for the movie ticket.
Answer the following statement true (T) or false (F)
It presently costs 50 Canadian dollars for a lift ticket at Whistler Ski Resort in British Columbia. If the current value of the Canadian dollar is 0.68 U.S. dollars, how many U.S. dollars does it cost to ski at Whistler?
a. $16.00 b. $34.00 c. $73.50 d. $156.25