Help with economics!!?

Answers:1   |   LastUpdateAt:2012-09-01 13:25:02  

Asked at 2012-08-04 05:44:50
1 .
If leisure is a normal good , an increase in wages results in an income effect that causes the amount of labor supplied :
A) increase.
B) decrease.
C ) remain unchanged.
D ) changing in a way which can not be predicted without additional information.
2 .
If leisure is a normal good, the labor supply curve is upward sloping :
A) in all possible wage rates for all individuals .
B ) only when the substitution effect exceeds the income effect.
C ) Only when the income effect exceeds the substitution effect.
D ) under any circumstances.
3 .
The non-wage labor costs include :
A) hiring costs .
B ) the costs of training.
C ) the costs associated with employer-provided health insurance provided to all workers.
D) All of the above are correct.
E) None of the above is correct.
4 .
In the two-period model discussed in the text , a company has some of the training costs if payment of wages , Wo is
A) equal to MPO - Z.
B ) greater than MPO - Z.
C ) less than MPO - Z.
D) None of the above is correct.
5 .
As a result of the existence of specific training signature , it is expected that:
A) decrease productivity during a recession.
B ) The productivity increase during an economic expansion.
C ) the use will be more stable over the business cycle in those occupations where there is major investment in the company specific training.
D) All of the above are correct.
Answer1J.B.Answered at 2012-09-01 13:25:02
No fucking clue . But no one answered , so I 'm free to be useless . B is the most common response MC , so I'm told. Or possibly C. MedlinePlus MedlinePlus Seriously , sorry for this answer . Hope you have a good early, good luck.
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