Refer to Scenario 15.3. $X would be higher if
A) her income were higher and she were younger.
B) her income were higher and she were older.
C) her income and the mortality rates for someone of Ms. Qwerty's statistical profile were both lower.
D) her income and the mortality rates for someone of Ms. Qwerty's statistical profile were both higher.
E) she were older and the relevant mortality rate were lower.
A
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All else being equal, an increase in government spending would shift the ______ line to the ______, causing interest rates to _______ and the trade balance to _______.
A) LM; right; fall; fall B) IS; right; rise; rise C) LM; left; rise; rise D) IS; right; fall; fall
Suppose the local market for legal services has an upward sloping supply curve, PL = 150 + 0.0001QL where PL is the price of legal services and QL is the number of hours of legal services
If the equilibrium price of legal services is $250 per hour, what is the aggregate economic rent earned by lawyers in this market? A) $50,000 B) $1,000,000 C) $50,000,000 D) $100,000,000