Refer to Figure 4-18. What is the size of the unit tax?
A) $8 B) $5
C) $3 D) cannot be determined from the figure
B
Economics
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If there is a decrease in the price of the final good that an industry produces, the labor demand curve in the industry is likely to:
A) shift to the left. B) shift to the right. C) become vertical. D) become horizontal.
Economics
Refer to the information provided in Table 23.4 below to answer the question(s) that follow.
Table 23.4
Refer to Table 23.4. Assuming society's MPC is constant, at an aggregate income level of $1,200, aggregate consumption would be
A. $2,000. B. $1,400. C. $1,100. D. $950.
Economics