Taxes on labor encourage which of the following?
a. labor demand to be more inelastic
b. mothers to stay at home rather than work in the labor force
c. workers to work overtime
d. fathers to take on second jobs
b
Economics
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Which of the following is true in the short run at the output level where average total cost is at its minimum?
a. Marginal cost equals average total cost. b. Average variable cost equals fixed cost. c. Marginal cost equals average variable cost. d. Average total cost equals average fixed cost. e. Average total cost equals average variable cost.
Economics
The investment demand curve portrays an inverse (negative) relationship between:
A. investment and real GDP. B. the real interest rate and investment. C. the nominal interest rate and investment. D. the price level and investment.
Economics