The trade-offs facing workers include all of the following EXCEPT:
A) decision to work or remain outside the workforce.
B) decision to work or seek additional education.
C) decision to work for a large corporation or a small firm.
D) decision to allocate their time between work and leisure.
E) All of the above are trade-offs facing workers.
E
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According to the traditional Keynesian analysis, if the government increases spending and pays for all of it by raising current taxes, then
A) a budget surplus will occur. B) aggregate demand will increase. C) a budget deficit will occur. D) aggregate demand will decrease.
A need to make choices exists because of
a. scarcity of resources. b. the abundance of goods. c. unlimited human needs and wants. d. both scarcity of resources and unlimited human needs and wants.
Marginal profit is the profit
A. earned by a firm that is about to go out of business. B. calculated directly from the total cost curve. C. that is added by a one-unit increase in total output. D. earned for each dollar of cost increase.
Figure 10-3
Starting from long-run equilibrium at point A in , at which of the following points would short-run equilibrium occur immediately following an unanticipated increase in stock prices?
a.
A
b.
B
c.
C
d.
D