Refer to the given table. Relative to column A, column B represents:Price Per UnitColumn A Units Per YearColumn B Units Per Year$20100110$308595$407080$505565$604050
A. an increase in demand.
B. a decrease in supply.
C. an increase in supply.
D. a decrease in demand.
Answer: A
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In Figure 3-2, a point such as E
A. is not obtainable. B. is an efficient use of resources. C. represents an inefficient allocation of resources. D. indicates that the society is a capitalist society.
If a principal and agent enter into a fixed-fee contract where the agent is paid a fixed wage
A) the principal bears all the risk. B) the agent bears all the risk. C) the principal and agent share the risk. D) Unable to determine with the information given.
Opportunity cost is always measured in dollar terms, rather than in terms of real goods and services
a. True b. False
An increase in the marginal tax rate on labor income will shift the
a. labor supply curve leftward b. labor demand curve rightward c. labor supply curve rightward d. labor demand curve leftward