You have noticed that there is a persistent shortage of teachers in an inner-city school district in your state. Based on this observation, you suspect that:
A. the wage for teachers in that district is lower than the equilibrium wage.
B. the demand for teachers in the inner-city school district is too low.
C. there is an excess supply of teachers in other districts.
D. the wage for teachers in that district is higher than the wage in other districts.
Answer: A
Economics
You might also like to view...
One reason why gold and silver have served as money is that they
a. are easy to produce. b. are easy to duplicate. c. are durable. d. All of the above are correct.
Economics
Money is defined as
A. anything people generally accept in exchange for goods and services. B. any financial instrument that is backed by gold. C. a person's net worth. D. a by product of a barter economy.
Economics