For an individual's supply curve of labor to be upward sloping:
a. the substitution effect must be greater than the income effect.
b. the substitution effect must be equal to the income effect.
c. the substitution effect must be less than the income effect.
d. is an impossibility.
a
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Everything else held constant, a shift in tastes in the U.S. towards American goods will ________ net exports in the U.S. and cause the quantity of aggregate output demanded to ________ in Mexico
A) decrease; rise B) decrease; fall C) increase; rise D) increase; fall
The following are the sales achieved by Jensen Fabrics during the last 7 years:
2007 $116,000 2008 124,000 2009 127,000 2010 146,000 2011 155,000 2012 154,000 2013 162,000 Using the compound growth rate calculation, what would be your estimate for sales in 2014?