Other things the same, the wages in an occupation are likely to be higher the more
a. dangerous the job.
b. prestigious the work environment of the occupation.
c. desirable the location of the job.
d. pleasant the working conditions.
A
Economics
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A decrease in a supply of oil could ____
a) increase long-run aggregate-supply. b) decrease long-run aggregate-supply. c) have no impact on long-run aggregate-supply. d) increase aggregate-demand.
Economics
Suppose that Jean normally orders three tacos, but on seeing that their price has gone up, decides to buy only two. Jean's decision is best explained by:
A) income and substitution effects. C) the principle of comparative advantage. B) the law of supply. D) the law of increasing opportunity costs.
Economics