Author Question: The fact that a rock star earns 5 million a year while a teacher earns 25,000 annually is most ... (Read 88 times)

Pea0909berry · **on:** Jun 29, 2018

The fact that a rock star earns 5 million a year while a teacher earns 25,000 annually is most directly an example of an economy answering the ________ part of one of the two big economic questions.

A) when
B) for whom
C) how
D) why

Question 2

In the above figure, the economy is at point A and the money wage rate rises by 10 percent. If the price level is constant, firms will be willing to supply output equal to

A) less than 16.0 trillion.
B) 16.0 trillion.
C) more than 16.0 trillion.
D) Without more information, it is impossible to determine which of the above answers is correct.