micro chapter 4 example #7247

In the United States, a typical credit card interest rate ranges from ______________ per year.

The imposition of a price ceiling on a market often results in:

A straightforward example of a _______________, often used for simplicity, is the interest rate.

A more efficient means of processing algae to produce an anticancer drug is discovered. As a result, the supply curve for the drug will:

How do apple growers react to the news of medical research findings that suggest that eating apples leads to greater health benefits than were previously known?

When consumers and businesses have greater confidence that they will be able to repay in the future, _______________________.

If Congress and President imposed a law that gas stations could not charge more than $1.00/gallon for gas what impact would this have on the gasoline market?

The "law of supply" functions in labor markets; that is, a higher __________ for labor leads to a higher quantity of labor supplied.

As the _____________ complement for high-skill labor becomes cheaper, the demand curve for high-skill labor will shift to the right.

Are markets always in equilibrium?

Steel mill wage costs increase by 18 percent over a year. What is the likely economic effect on the market for steel?

The United States has approximately ___________ credit card holders.

In contrast to goods and services markets, _____________ are rare in labor markets, because rules that prevent people from earning income are not politically popular.

In 2010, Americans had about _____________ outstanding in credit card debts not paid on time.

Whenever there is a shortage at a particular price, the quantity sold at that price will equal:

If the demand for software engineers __________ slower than does supply, then wages of software engineers will __________.

Other things being equal, a __________ supply of workers tends to __________ real wages.

Many cooks view butter and margarine to be substitutes. If the price of butter rises, then in the market for margarine:

Improvements in the productivity of labor will tend to:

Many states do have ____________, which impose an upper limit on the interest rate that lenders can charge.

Which of the following results in a rightward shift of the market demand curve for labor?

Which of the following will result in an upward left movement along the market demand curve for labor and cause a reduction in quantity demanded for labor?

On April 1, 2009, in the middle of a recession, the government of the province of Ontario, Canada increased the provincial minimum wage from $8.75 to $9.50. What will the likely effect of this policy be?

If labor demand is downward sloping and labor supply is upward sloping, then when labor demand rises faster than labor supply, it is expected that real wages __________.

Since Baltimore passed the first _______________ in 1994, several dozen cities enacted similar laws in the late 1990s and into the 2000s.

The supply curve of textbooks (which are produced using paper made from trees) will shift to the left in response to:

Which of the following will not result in a rightward shift of the market supply curve for labor?

Many economists believe that the trend toward greater wage inequality across the U.S. economy was primarily caused by _____________.

The labor ____________ curve(s) will shift _______________ if there is an increase in productivity or an increase in the demand for the final product.

Whenever there is a surplus at a particular price, the quantity sold at that price will equal:

Which of the following will result in an upward left movement along the market demand curve for labor and cause a reduction in quantity demanded for labor?