Microeconomics

Replies / Views	Last post
Which of the following can shift the labor demand curve to the right? a. Decrease in product price. ... Started by RYAN BANYAN	1 Replies 91 Views	Jun 30, 2018 by gasdhashg
If the economy is already producing at its potential, _____. a. the spending multiplier equals 1/(1 ... Started by Kikoku	1 Replies 90 Views	Jun 30, 2018 by Madisongo23
The value added by a firm is defined as: a. the sum of all income earned by the workers in the ... Started by bio_gurl	1 Replies 95 Views	Jun 30, 2018 by EAN94
If the price of labor falls, we can expect: a. demand for labor will increase. b. quantity ... Started by skymedlock	1 Replies 121 Views	Jun 30, 2018 by cascooper22
The steeper the short-run aggregate supply curve, _____. a. the steeper the aggregate demand curve ... Started by a0266361136	1 Replies 167 Views	Jun 30, 2018 by cloudre37
Katrina pays 40 for a meal at a fancy restaurant. The ingredients used cost 10 . The value added by ... Started by chandani	3 Replies 98 Views	Jun 30, 2018 by ktidd
If the MRP of labor decreases, labor: a. demand will decrease. b. demand will increase. c. supply ... Started by ishan	1 Replies 194 Views	Jun 30, 2018 by akemokai
Which of the following is true about classical economists? a. They argued that the sources of ... Started by rayancarla1	1 Replies 69 Views	Jun 30, 2018 by nmyers
If a firm hires labor for 6,000, pays rent of 2,000, buys raw materials for 10,000 from another ... Started by rachel9	1 Replies 139 Views	Jun 30, 2018 by tmlewis4706
Which of the following will decrease the demand for fast-food burger workers' labor? a. More people ... Started by tingc95	1 Replies 90 Views	Jun 30, 2018 by voltaire123
_____ is contrary to a laissez-faire economic system. a. Active government intervention in all ... Started by sdfghj	1 Replies 92 Views	Jun 30, 2018 by ErinKing
If a firm hires labor for 4,000, pays rent of 1,500, buys raw materials for 6,000 from another firm, ... Started by pragya sharda	1 Replies 92 Views	Jun 30, 2018 by mcabuhat
What happens to the marginal product (MP) of labor when the market price of the good produced ... Started by Pineapplelove6	1 Replies 74 Views	Jun 30, 2018 by Sierray
Classical economists believed that if saving were greater than investment, the interest rate would ... Started by rachel9	3 Replies 83 Views	Jun 30, 2018 by leeeep
Jimmy Earl, a farmer, sells 20 worth of peanuts to a factory that manufactures peanut butter, which ... Started by darbym82	1 Replies 109 Views	Jun 30, 2018 by bulacsom
A union can influence the demand for labor by: a. requiring union fees. b. raising union fees. c. ... Started by K@	1 Replies 266 Views	Jun 30, 2018 by meganmoser117
Which of the following did classical economists believe caused depressions and high unemployment? ... Started by segrsyd	1 Replies 91 Views	Jun 30, 2018 by trog
The circular flow model shows that: a. households are on the demand side of the resource market. b. ... Started by jace	1 Replies 120 Views	Jun 30, 2018 by raenoj
Currently, union membership in the United States is about: a. 10 percent. b. 15 percent. c. 20 ... Started by serike	1 Replies 110 Views	Jun 30, 2018 by fauacakatahaias
One lesson of the Great Depression was that potential GDP could _____. a. be too low to ensure full ... Started by Garrulous	1 Replies 63 Views	Jun 30, 2018 by braelync
Which of the following statements is true regarding leakages and injections? a. Government transfer ... Started by nevelica	1 Replies 57 Views	Jun 30, 2018 by IRincones
A union may negotiate limits on workload in order to increase the demand for labor and raise ... Started by burton19126	3 Replies 106 Views	Jun 30, 2018 by yasmin
Keynes thought that one macroeconomic problem is that an economy: a. can tend toward an equilibrium ... Started by LCritchfi	1 Replies 86 Views	Jun 30, 2018 by lauravaras
A monopsony is a: a. large number of buyers. b. large seller. c. single seller. d. single ... Started by panfilo	1 Replies 146 Views	Jun 30, 2018 by pikon
An automatic stabilizer: a. increases inflationary pressure during expansions. b. Increases the ... Started by roselinechinyere27m	1 Replies 105 Views	Jun 30, 2018 by ky860224