ECO 100 Week 5 Knowledge Check 5
ECO 100 Week 5 Knowledge Check 5
•Question 1
Improvements in the productivity of labor will tend to:
•Question 2
Since Baltimore passed the first _______________ in 1994, several dozen cities enacted similar laws in the late 1990s and into the 2000s.
•Question 3
In contrast to goods and services markets, _____________ are rare in labor markets, because rules that prevent people from earning income are not politically popular.
•Question 4
Many economists believe that the trend toward greater wage inequality across the U.S. economy was primarily caused by _____________.
•Question 5
When consumers and businesses have greater confidence that they will be able to repay in the future, _______________________.
•Question 6
As the __________ substitute for low-skill labor becomes available, the demand curve for low-skill labor will shift to the left.
•Question 7
Whenever there is a surplus at a particular price, the quantity sold at that price will equal:
•Question 8
Are markets always in equilibrium?
•Question 9
Many cooks view butter and margarine to be substitutes. If the price of butter rises, then in the market for margarine:
•Question 10
The "law of supply" functions in labor markets; that is, a higher __________ for labor leads to a higher quantity of labor supplied.
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Answers
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Posted 24 Sep 2019 05:09 AM
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file 1569302848-ECO 100 Week 5 Knowledge Check 5.docx preview (499 words )
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