Holding all other influences constant, the quantity of labor supplied in a given time period depends
A) directly on the real wage rate so that a higher real wage increases the quantity of labor supplied.
B) inversely on the real wage rate so that a higher real wage decreases the quantity of labor supplied.
C) on the money wage rate not the real wage rate.
D) directly on the quantity of labor demanded.
E) inversely on the quantity of labor demanded.
A
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Health care costs rose more than 10 percent in 2011, according to a survey of insurers by Aon Consulting Worldwide. If the increase in costs solely comes from increased wages to nurses and doctors, then for the health care industry
A) variable costs are increasing. B) fixed costs are increasing. C) long run average total cost is decreasing. D) productivity is increasing.
The instructions and rules for the alternative minimum tax are generally
A. far easier to understand than the instruction and rules for the 1040. B. no more or less difficult to understand than the instructions and rules for the 1040. C. far easier to understand than the instruction and rules for the 1040EZ. D. much more complicated than the instructions and rules for the 1040.