What is the most likely consequence when people's preference for current consumption rises in relation to future consumption?
a. Interest rates will fall, and the rate of extraction of exhaustible natural resources will decrease.
b. Interest rates will fall, and the rate of extraction of exhaustible natural resources will increase.
c. Interest rates will rise, and the rate of extraction of exhaustible natural resources will decrease.
d. Interest rates will rise, and the rate of extraction of exhaustible natural resources will increase.
e. Interest rates will fall, and there will be no effect on the rate of extraction of exhaustible natural resources.
d
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The above figure shows the market for biologists. The government decides to set a minimum wage for biologists of $18 per hour
After this minimum wage is in effect, and taking account of the resources lost in job search, workers' surplus equals ________. A) $800 B) $900 C) $400 D) $1,800 E) $200
According to employment studies, what is the most productive day of the week?
a. Monday b. Tuesday c. Wednesday d. Thursday