The income effect describes the:

a. incentive to work more when the wage rises.

b. incentive to work less when the wage rises.

c. decision whether to join the labor force.

d. decision to ask for a raise.

e. incentive to change jobs.

Cleveland Corporation acquired a machine for $42,000 and has recorded depreciation for two years using the straight line method over a 5 year life and $7,000 residual value.

According to the Bureau of Economic Analysis, during the recession of 2007minus 2009, household saving as a fraction of disposable personal income increased from a low of just over 1 percent in the first quarter of 2008 to 5 percent in the second

announced today that it will begin paying annual dividends next year. The first dividend will be $0.10 a share. The following dividends will be $0.15, $0.20, $0.50, and $0.60 a share annually for the following 4 years, respectively.

A company is a victim of a $414 million fraud. At that time its profit margin is 10%. How much additional revenue should the company generate in order to recover the effect on net income?

What is one of the most common mistakes that people make

Which of the following is not one of the categories of which the CPI market basket consists? a. housing b. food c. education d. industry

Individuals are free to produce and sell whatever products they wish

If inflation begins to rise rapidly, which step is the Federal Reserve likely to take?

April Stigum will receive a 6 year annuity of $2,000 per year, beginning 7 years from today. In other words, the first payment will be made at the end of year 7.

What is the one trait that you have that you believe would be an asset to any employer?