The relationship between the labor employed by a firm and the real wage rate is shown by the
A) supply of labor curve.
B) supply of jobs curve.
C) demand for jobs curve.
D) demand for labor curve.
D
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A change in the money wage rate shifts
A) both the SAS and LAS curves. B) the LAS curve but not the SAS curve. C) the SAS curve but not the LAS curve. D) neither the SAS nor the LAS curve.
When you see an advertisement on TV for a hair care product in which the actor using the product is depicted as beautiful and happy, this is
A) informational advertising. B) direct market advertising. C) indirect market advertising. D) persuasive advertising.
If resources are better suited toward the production of one good than toward another good, then the PPF for those two goods is
A) a straight line. B) bowed outward. C) upward sloping. D) any of the above
Of the following high-income countries, which has the highest obesity rate?
A) Canada B) Japan C) the United Kingdom D) the United States