Suppose the demand for strawberries rises sharply, resulting in an increased price for strawberries. As it relates to strawberry pickers, we could expect the
A. MRP curve to shift to the left.
B. MP curve to shift downward.
C. MRP curve to shift to the right.
D. MRC curve to shift downward.
Answer: C
Economics
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According to the above table, as the level of real disposable income increases
A) the APS increases. B) the APC increases. C) the marginal propensity to save declines. D) the marginal propensity to consume increases.
Economics
Human capital is acquired
A) only in school. B) only through on-the-job training. C) only through job experience. D) through schooling, job training, and experience. E) only at birth, that is, it's people's inborn talents.
Economics