Household production consists

Assignment Help Business Economics

Reference no: EM131161982

1. Household production consists of

A) any commodities which are produced at home and then sold.

B) any commodities which are produced at home and yield utility to the family.

C) any time spent at home by any family member.

D) any commodities purchased for use in the home.

2. The deportation of illegal aliens may create jobs on a one-to-one basis for native workers if

A) the minimum wage is above the equilibrium wage.

B) the minimum wage is below the equilibrium wage.

C) the labor supply curve is very steep.

D) the labor supply curve is very flat.

Reference no: EM131161982

Questions Cloud

Compare effect of expansionary monetary and fiscal policy : If the interest rates are zero bound, compare the effect of an expansionary monetary and fiscal policy. Draw graphs to show these effects and also explain in words. (Hint: Don’t consider negative interest rates. If interest rate is zero, will monetar..

Use present value calculations when analyzing policies : Why do we use present value calculations when analyzing policies that have costs and benefits that play out over time? Why is the choice of discount rate so important?

Firms can earn profits in long run in monopoly and oligopoly : Why is it that firms can earn profits in the long run in monopoly and oligopoly but not in monopolistic competition and perfect competition? What can firms do in monopolistic competition or perfect competition to make the short run last as long as po..

When banks hold excess reserves : When banks hold excess reserves, they: a) increase the amount of loans to the public b) reduce the actual money multiplier c) increase the money supply d) increase the reserve requirement

Household production consists : Household production consists of. The deportation of illegal aliens may create jobs on a one-to-one basis for native workers if

What factors will shift the supply and demand for currency : What factors will shift the supply and demand for currency? What are the three categories of transactions in the balance of payments? Give an example of each. Economists sometimes say that the current exchange rate system is a dirty float system. Wha..

Fixes the price of foreign exchange below equilibrium : Explain how each of the following will affect the relative values of the dollar and the French franc: What will happen to a country that fixes the price of foreign exchange below equilibrium?

Economic performance during the past five years : Compare and contrast China and U.S economic performance during the past five years. Please make use of time series data on employment, inflation,GDP, and trade balances. Tables and graphs are strongly encouraged.

Differences how democratic party and republican party : Are there differences in how the Democratic Party and the Republican Party view the economy? What are the differences if any?

User Account

All Pages