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Author Question: Labor supply A) must necessarily increase when the real wage increases. B) increases if the ... (Read 74 times)

viki

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on: Jun 30, 2018
Labor supply
 
  A) must necessarily increase when the real wage increases.
  B) increases if the substitution effect exceeds the income effect.
  C) is increasing and then decreasing in the real wage.
  D) increases when taxes increase.

Question 2

Assume that you purchased a 1,000 perpetual bond that pays a market interest rate of 5 percent. If you attempted to sell this bond today subsequent to an increased market rate of interest of 7.5 percent, then you
 
  a. could only sell this bond at a capital loss.
  b. could sell this bond at a capital gain.
  c. would not be able to sell this bond.
  d. could exchange your bond yielding 5 percent for a bond yielding 7.5 percent on an even exchange basis.


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djofnc

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


viki

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jojobee318

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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