In many communities across the country it is very difficult for firms to hire sufficient numbers of entry level workers. If firms do not wish to raise money wages, what else might they do to attract workers?
Firms could enhance the amenities associated with offered positions. For example, they could provide tuition incentives, vacation time, personal time, and health or dental benefits.
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If a consumer is always indifferent between an additional one grapefruit or an additional two oranges, then when oranges are on the horizontal axis the indifference curves:
A) will be straight lines with a slope of -1/2. B) will be straight lines with a slope of -1. C) will be straight lines with a slope of +1/2. D) will be right angles whose corners occur on a ray from the origin with a slope of +2. E) none of the above
Which of the following does NOT occur when the price of a good increases?
A. The good becomes more expensive relative to all other goods. C. Consumers shift their purchases away from the more expensive good. D. The consumer is effectively poorer than before the increase in price.