Question 4
figure: labor market 1
price per
hour
0 20 40 60 80 120 140 160...
Question 4
figure: labor market 1
price per
hour
0 20 40 60 80 120 140 160 hours of work
(millions)
reference: ref 5-4 (8-4)
(figure: labor market 1) refer to the figure. if there is a price ceiling set at $6, how much shortage or surplus, if any, is there?
a. there is no shortage and no surplus.
b. 80 million hours
c. 60 million hours
od. 120 million hours
Answers: 3
Business, 21.06.2019 22:30
Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle
Answers: 2
Business, 22.06.2019 05:50
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 2
Business, 22.06.2019 08:00
Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate
Answers: 2
Mathematics, 13.07.2019 18:30
Computers and Technology, 13.07.2019 18:30
Chemistry, 13.07.2019 18:30
Social Studies, 13.07.2019 18:30
Mathematics, 13.07.2019 18:30