a shift in the labor supply curve can be caused by?
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1. a shift in the labor supply curve can be caused by
a. demographic changes, immigration, other employment opportunities, and changes in the wages rate.
b. demographic changes, immigration, immigration, and other employment opportunities.
c. Only changes in the wages rate.
d. demographic changes, , immigration, , immigration, and changes in the wages rate.
2. the National Organ Transplant Act of 1984 makes it illegal for people to buy or sell a human Organ. Which of the following actions could incentivize people to donate a kidney?
a. Requiring surviving family member consent before transplants occur.
b. Increase the penalties associated with black market transactions
c. Issue scholarship to donors
d. Require extensive health exams before people are able to donate
3. which of the following is an example of adverse selection
a. patients without insurance eat unhealthier foods than those with insurance
b. insurance companies aren’t always fully aware of a patient’s family medical history.
c. Consumers don’t know the full cost of health care.
d. Consumers trust that doctors are ordering only relevant procedure.
4. when we look at tariffs and quotas,
a. domestic producers would prefer tariffs over quotas.
b. foreign producer would prefer tariffs over quotas.
c. Domestic producers are indifferent between an equivalent tariff or quota being imposed.
d. Domestic producers would prefers quotas over tariffs.
5. what is a trade deficit?
a. the amount by which tax revenue exceeds government spending
b. the amount by which a country’s imports exceed its exports
c. the amount by which a country’s exports exceed its imports
d. the amount by which government spending exceeds tax revenue.
6. If a country is producing efficiently, it will produce_______its production possibilities curve. If a country is producing inefficiently, it will produce_______its production possibilities curve.
a. above; on
b. above; below
c. below; on
d. on;below
7. a shift in the labor supply curve can be caused by?
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