A major computer software company maintains a technical support center in a rural area and is the only employer in this region. Suppose the local labor supply curve shifts leftward due to net migration of workers from the area
What happens to the equilibrium outcome in this labor market? A) Labor demand shifts rightward, equilibrium wage and employment levels decline
B) Labor demand shifts rightward, equilibrium wage and employment levels increase
C) Labor demand curve remains the same, equilibrium wage and employment levels increase
D) Labor demand curve remains the same, equilibrium wage increases, and employment declines
D
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If Happy Chickens sells its eggs only in 12 carton packages, this is an example of ________.
A) linear pricing B) two-part pricing C) commodity bundling D) an all-or-nothing offer
If rice is an inferior good, a decrease in income will
A. cause rice to sell at a lower price. B. increase the production of rice. C. shift the demand curve for rice to the left. D. shift the demand curve for rice to the right.
To fight a recession, an appropriate monetary policy would be that the Fed conducts an open market operation that ________ government securities, ________ the federal funds rate, and ________ aggregate demand
A) buys; lowers; decreases B) sells; lowers; increases C) sells; raises; decreases D) buys; lowers; increases E) sells; raises; increases
Albert and Betty hire Christine and David to play music at their wedding. Elizabeth, who lives behind the church, cannot study because of the loud music. The third party is:
a. Albert. b. Betty. c. Christine. d. David. e. Elizabeth.