13. ECO1050 u09q1 Question 13 (Points: 3) What happens if the wage rate increase
ID: 1228786 • Letter: 1
Question
13. ECO1050 u09q1 Question 13 (Points: 3)What happens if the wage rate increases? (3 points).
1. There is a movement upward along the supply of labor curve.
2. The supply of labor curve shifts to the left.
3. The quantity of labor supplied definitely decreases.
4. The supply of labor curve shifts to the right.
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14. ECO1050 u09q1 Question 14 (Points: 3)
Which of the following shift the supply of labor curve to the left? (3 points).
1. An advancement in technology.
2. A decrease in the price of the product that the labor produces.
3. A decrease in the adult population.
1. 2 only.
2. 1 and 2.
3. 3 only.
4. 2 and 3.
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15. ECO1050 u09q1 Question 15 (Points: 3)
The figure above shows the market supply of labor curve. Which of the following might be the reason the labor supply curve shifted from LS0 to LS1? (3 points).
1. An increase in technology.
2. A decrease in technology.
3. A decrease in the adult population.
4. An increase in the number of women in the work force.
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16. ECO1050 u09q1 Question 16 (Points: 3)
A firm's demand for financial capital stems from which of the following? (2 points).
1. Its demand for human capital to produce goods and services.
2. Its demand for physical capital to produce goods and services.
3. Its supply of human capital to produce goods and services.
4. Its supply of physical capital to produce goods and services.
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17. ECO1050 u09q1 Question 17 (Points: 3)
Other things remaining the same, which of the following is true? (3 points).
1. The lower the interest rate, the smaller the quantity of capital demanded.
2. The higher the interest rate, the smaller the quantity of capital demanded.
3. The higher the interest rate, the greater the quantity of capital demanded.
4. Interest rate and the quantity of capital demanded are not related.
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18. ECO1050 u09q1 Question 18 (Points: 2)
What are two main factors that change the demand for capital and shift the demand curve for capital? (2 points).
1. The supply of capital and technological change.
2. The interest rate and technological change.
3. Population growth and the interest rate.
4. Population growth and technological change.
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19. ECO1050 u09q1 Question 19 (Points: 3)
Which of the following statements is correct? (3 points).
1. An increase in the interest rate increases the quantity of financial capital demanded and increases the quantity of financial capital supplied.
2. An increase in the interest rate decreases the quantity of financial capital demanded and decreases the quantity of financial capital supplied.
3. An increase in the interest rate increases the quantity of financial capital demanded and decreases the quantity of financial capital supplied.
4. An increase in the interest rate decreases the quantity of financial capital demanded and increases the quantity of financial capital supplied.
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20. ECO1050 u09q1 Question 20 (Points: 3)
What happens if the interest rate increases? (3 points).
1. The quantity of financial capital supplied decreases.
2. Saving decreases.
3. The quantity of financial capital demanded increases.
4. The opportunity cost of current consumption is higher.
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21. ECO1050 u09q1 Question 21 (Points: 3)
Advances in technology result in what? (3 points).
1. An increase in the interest rate if the demand for capital increases and the supply of capital does not change.
2. An increase in the supply of saving.
3. A decrease in the supply of saving.
4. An increase in the demand for all types of capital.
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22. ECO1050 u09q1 Question 22 (Points: 3)
Consider the market for financial capital. Suppose the equilibrium interest rate is 6%. If expected future incomes increase, which of the following is correct? (3 points).
1. There is only a movement downward along the supply curve.
2. There is only a movement upward along the supply curve.
3. The interest rate falls below 6%.
4. The interest rate rises above 6%.
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23. ECO1050 u09q1 Question 23 (Points: 3)
In the above figure, if the interest rate is above 6 percent, which of the following is correct? (3 points).
1. The supply of financial capital increases.
2. There is a shortage of financial capital.
3. The demand for financial capital increases.
4. There is a surplus of financial capital.
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24. ECO1050 u09q1 Question 24 (Points: 3)
Looking at the returns on the stock market and bond market since 1962, we see which the following about interest rates. (3 points).
1. They fluctuate because both the supply of and demand for capital fluctuate a lot.
2. They fluctuate because the supply of capital fluctuates a lot.
3. They are very stable because there are few fluctuations in the supply and demand for capital.
4. They fluctuate because the demand for capital fluctuates more than supply.
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