Just Me

1386 Words Aug 9th, 2014 6 Pages
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Submitted by Townes, Monique (mtownes0515) on 10/15/2012 10:01:05 PM

Points Awarded | 10.00 | Points Missed
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D) The labor supply curve is downward sloping. Points Earned: | 0.0/1.0 | | Correct Answer(s): | A |

5.
One reason the supply of carpenters is greater than the supply of physicians is because:
A) physicians do not belong to a union.
B) carpenters demand less income.
C) None of the answers.
D) carpenters belong to unions. Points Earned: | 1.0/1.0 | | Correct Answer(s): | C |

6.
Suppose a change in technology increases the marginal product of labor. The result is a (an):
A) None of the answers.
B) downward movement along the demand for labor curve.
C) upward movement along the demand for labor curve.
D) leftward shift in the demand for labor curve.
E) rightward shift in the supply of labor curve. Points Earned: | 1.0/1.0 | | Correct Answer(s): | A |

7.
A firm's demand for labor depends on, in part, the demand for the firm's product. To summarize this idea, economists say that the demand for labor is:
A) monopsonistic demand.
B) derived demand.
C) marginal demand.
D) secondary demand. Points Earned: | 0.0/1.0 | | Correct Answer(s): | B |

8.
According to the statistics, the distribution of money income:
A) changed significantly in favor of the top 5 percent since 1929.
B) has not changed greatly since 1929.
C) has not fluctuated greatly since 1947.
D) fluctuated widely since 1947. Points Earned: | 0.0/1.0 | | Correct Answer(s): | C |

9.
The official poverty line is defined as:
A) None of

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