If the demand for labor decreases and the supply of labor is unchanged, then the opportunity cost of leisure will decrease
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
If Thailand fixes the foreign exchange value of its currency and follows a highly expansionary monetary policy,
a. Thailand will be unable to maintain both the fixed-exchange rate and the full convertibility of its currency b. Thailand will experience rapid economic growth. c. it will be easier for Thailand to engage in international trade. d. Thailand will have relatively low rates of inflation.
Economics
If the inflation rate was 8%, and the tax rate was 20%, and you deposited money in a bank account that pays 12%, what is your after tax real interest rate? Show you work
Economics