The figure above shows how the relationship between the number of hours per week a high school student spends on the web and the student's SAT score
Is the relationship between hours on the web and the SAT score positive, negative, neither? Explain your answer.
The figure shows that there is a negative relationship between hours on the web and the student's SAT score. The relationship is negative because the two variables move in opposite directions: If hours on the web increase, the SAT score decreases.
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The AS curve shifts leftward if
A) good weather increases agricultural harvests. B) OPEC reduces world oil prices. C) tax cuts stimulate labor supply. D) the money wage rate increases. E) government expenditure increases.
Explain why some amount of ignorance can be rational
What will be an ideal response?
An employer would never operate on the upward-sloping part of an MRP curve because
A. he or she would not be maximizing profits. B. he or she would be hiring workers at wages above MRP. C. the number of workers is too large to get economies of scale. D. he or she would then have too little capital per worker.
Deficit is the difference between government expenditures, which are either purchases or transfer payments and tax receipts.
Answer the following statement true (T) or false (F)