If European economies experience a period of sustained recession and the United States does not, what will happen in the United States?
a. an increase in aggregate supply
b. a decrease in aggregate supply
c. a decrease in aggregate demand
d. an increase in aggregate demand
c
Economics
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Refer to the table above. For trade to occur along the lines of comparative advantage, wages in A relative to wages in B (measured in the same currency)
A) must be at least twice but less than 3 times as great. B) must be less than three times as small. C) must be greater than $2 but less than $3. D) Need more information to answer.
Economics
In the above table, if the marginal revenue product is $18, how many workers will the profit maximizing monopsonist hire?
A) 2 B) 3 C) 4 D) 5
Economics