If the real wage decreases, the opportunity cost of working in the home will
a. increase
b. decrease
c. not be affected
d. increase as long as worker productivity also rises
e. increase only if households want to maintain their standard of living
B
Economics
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Why do people refuse to pay for public goods?
What will be an ideal response?
Economics
Suppose a developing country receives more machinery and capital equipment as foreign entrepreneurs increase the amount of investment in the economy. As a result
A) the economy will move up along the long-run aggregate supply curve. B) the long-run aggregate supply curve will shift to the left. C) the long-run aggregate supply curve will shift to the right. D) the economy will move down along the long-run aggregate supply curve.
Economics