Because people are more health conscious today than ever before, the demand for French fries has steadily fallen, causing the wage rate
a. and employment of workers in the French fries labor market to fall
b. and employment of workers in the French fries labor market to rise
c. to rise and employment of workers in the French fries labor market to rise
d. to fall and employment of workers in the French fries labor market to rise
e. to fall because both the labor demand and supply curves to shift to the right
A
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You bought two new CDs with the last $30 in your checking account, and your next payday is on Monday. What is the opportunity cost of these CDs?
(A) $30. (B) Dinner and a movie with your friends Saturday night. (C) Knowing you are the first of your friends to have these CDs. (D) The difference between the cost to produce the CDs and the price you paid for them.
When drawn against current income, the slope of the Cd (r) + Id (r) + G curve is equal to the marginal
A) product of capital. B) product of labor. C) propensity to consume. D) propensity to save.