Supply side policies are most appropriate to cure ?

Related Mcqs:

The Marginal Revenue Product is ?

A. Upward sloping due to the law of demand B. Upward sloping due to the law of marginal utility C. Downward sloping due to the law of diminishing returns D. Downward sloping due to the law of supply...

A reservation wage is the ?

A. Maximum wage the firm is willing to pay B. tip necessary to get a waiter to reserve a table C. minimum wage the worker is willing to accept D. competitive equilibrium wage....

Which of the following statements about efficiency wage theory is true ?

A. Paying above the competitive equilibrium wage tends to cause workers to shirk their responsibilities B. Firms do not have a choice about whether they pay efficiency wages or not because these wages are determined by law C. Paying the lowest possible wage is always the most efficient (Profitable) D. Paying above the competitive equilibrium … Which of the following statements about efficiency wage theory is true ?Read More...

A minimum wage law tends to ?

A. Help all teenagers because they receive a higher wage than they would otherwise B. have no impact on unemployment as long as it is set above the competitive equilibrium wage C. Create more Unemployment is high-skill job markets than in low-skill job markets D. Create more unemployment in low-skill job markets than in high-skill … A minimum wage law tends to ?Read More...

If, for any reason the wage is held above the competitive equilibrium wage?

A. The quantity of labour supplied will exceed the quantity of labour demanded and there will be Unemployment B. Unions will likely Strike and the wage will fall to equilibrium C. The quantity of labour demanded will exceed the quantity of labour supplied and there will be a labour shortage D. The quality of workers … If, for any reason the wage is held above the competitive equilibrium wage?Read More...