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Question
The presence of efficiency, minimum and union wagesA) can explain job rationing because they lower the natural unemployment rate.
B) can explain job rationing because they raise the real wage rate above equilibrium.
C) can explain job rationing because they lower the real wage rate below equilibrium.
D) does not affect job rationing because they affect only the amount of job search.
E) cannot explain job rationing because they are a natural part of the economy.
Answer
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Related questions
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Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them.
B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
Q:
Why does scarcity lead to the what, how, and for whom questions?
Q:
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B) the social interest.
C) self-interest.
D) incentives.
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A) What type of health care will be produced and in what quantity?
B) How will health care be produced?
C) For whom will health care be produced?
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E) Must we offer health care?
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Q:
When unskilled teens earn less than college graduates, society answers the ________ question.
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B) what
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When the federal government decides to pay senators more than it pays soldiers, it answers the ________ question.
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Q:
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B) why
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Which of the following scenarios describes an action that is NOT rational from an economic point of view?
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B) Eric buys a replacement ticket to the basketball game after he realizes that he accidentally left his original ticket at home.
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Q:
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A) What?
B) How?
C) For whom?
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Q:
Which of the following is a topic studied in macroeconomics?
A) the pricing decisions in the computer hardware industry
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Q:
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A) It analyzes the aggregate effects on the national economy of the choices made by individuals, firms, and governments.
B) It studies the choices that individuals and businesses make when coping with scarcity.
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Q:
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ii. Home Depot's choice to hire more full-time employees because its sales increased
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Q:
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Q:
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Q:
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Q:
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C) x-axis minus the change in the variable measured along the y-axis.
D) x-axis multiplied by the change in the variable measured along the y-axis.
E) y-axis minus the change in the variable measured along the x-axis.
Q:
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Q:
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Q:
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Q:
An independent relationship between two variables is shown in a graph by
A) an upward-sloping line.
B) a horizontal or a vertical line.
C) a downward-sloping line.
D) a steeply sloped line.
E) any straight line curve.