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Author Question: If workers' money wage rates increase by 5 percent and the price level remains constant, workers' ... (Read 116 times)

Lisaclaire

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on: Jun 29, 2018
If workers' money wage rates increase by 5 percent and the price level remains constant, workers'
 
  A) quantity of labor supplied will decrease.
  B) quantity of labor supplied will increase.
  C) quantity of labor supplied will not change.
  D) demand for jobs will decrease.

Question 2

In every economic system, choices must be made because resources are ________ and our wants are ________.
 
  A) unlimited; limited
  B) limited; unlimited
  C) unlimited; unlimited
  D) limited; limited


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jsm54321

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Lisaclaire

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  • Posts: 569
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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