Suppose bad weather in Florida unexpectedly results in a much smaller citrus crop than had been projected. This would tend to cause the labor supply curve for citrus pickers to
A) shift to the left, causing the labor demand curve to shift to the left.
B) remain unchanged, and the wage rate would tend to increase.
C) shift to the right, causing the labor demand curve to shift to the right.
D) remain unchanged, and the wage rate would tend to decrease.
D
Economics
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When a consumer spends all of his or her income and consumes a bundle of goods such that the marginal utility per dollar from all goods is equal, then the
A) consumer's total utility is maximized. B) consumer is in his or her consumption equilibrium. C) marginal utilities for each good are maximized. D) Both answers A and B are correct.
Economics
The common currency of the EU, the euro, was created in
A) 1985. B) 1992. C) 1999. D) 2004.
Economics