______ is the percentage change in hours worked divided by the percentage change in wages—will determine the shape of the labor supply curve.
a. Elasticity of savings
b. Cross-price elasticity of demand
c. Income elasticity of demand
d. Wage elasticity of labor supply
d. Wage elasticity of labor supply
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The above figure shows the marginal private benefit and marginal social cost of a college education. If students receive a $10,000 voucher
A) no students will go to college. B) less than 10 million students will go to college. C) 10 million students will go to college. D) more than 10 million students will go to college.
Why is the money multiplier smaller than the simple deposit multiplier?
What will be an ideal response?
Rahul has a concave utility function. Therefore, if there are two choices he will pick the ________ if ________ expected value
A) fair bet; both have the same B) less risky choice;both have the same C) more risky choice; both have the same D) less risky choice; it has a lower
Prior to 1980, thrift institutions in the United States were allowed to offer checking accounts
a. True b. False Indicate whether the statement is true or false