The substitution effect of a wage increase
a. probably leads most workers to want to work more.
b. certainly leads all workers to want to work more.
c. probably leads most workers to want to work less.
d. certainly leads most firms to want to employ more workers.
a
You might also like to view...
If Taco Bell decides to produce more tacos and fewer burritos, Taco Bell is answering the ________ part of one of the two big economic questions
A) "what" B) "why" C) "when" D) "scarcity"
The primary difference between the "payoff" and the "purchase and assumption" methods of handling failed banks is
A) that the FDIC guarantees all deposits when it uses the "payoff" method. B) that the FDIC guarantees all deposits when it uses the "purchase and assumption" method. C) that the FDIC is more likely to use the "payoff" method when the bank is large and it fears that depositor losses may spur business bankruptcies and other bank failures. D) that the FDIC is more likely to use the purchase and assumption method for small institutions because it will be easier to find a purchaser for them compared to large institutions.
A closed economy is a national economy that
A) doesn't interact economically with the rest of the world. B) has a stock market that is not open to traders from outside the country. C) has extensive trading and financial relationships with other national economies. D) has not established diplomatic relations with other national economies.
the schedule or curve showing the relationship between the price level index and the amount output produced in the economy
What will be an ideal response?