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Social Science
Economics
Labor Economics
Economics: Ch. 4 Labor & Financial Markets
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Terms in this set (11)
Product Market Participants
1. households on demand side
2. firms on supply side
Supply of Labor
hours of labor services workers want to provide at various wages.
Demand of Labor
...
Education and training
Nurses are more productive
Technological advancement
New methods/new equipment
Government regulations
Nurses take on more responsibility/ larger tasks.
Causing supply to decrease
Poor economic conditions, uncertain about rising federal deceit.
Demand for loan-able funds
...
Interest rate
the price of "borrowing" in the financial market; a rate of return of an investment
Minimum wage
A price floor that makes it illegal for an employer to pay employees less than a certain hourly rate
Usury Laws
laws that impose an upper limit on the interest rate that lenders can change
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Verified questions
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Should an economic model describe reality exactly?
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Which of the following pairs of products are examples of complementary goods? a. blank sheets of paper and copy machines b. dining room tables and floor lamps c. heating oil and natural gas d. warm coats and trips to Florida e. peanut butter and jelly f. private and public transportation g. Coke and Pepsi h. alarm clocks and automobiles i. golf clubs and golf balls
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When the returns to an input are diminishing and a profit-maximizing firm chooses to hire more of the input, the total product curve has what kind of slope? A. negative decreasing B. positive decreasing C. negative increasing D. positive increasing E. positive constant
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Imagine you are a provider of portfolio insurance. You are establishing a four-year program. The portfolio you manage is currently worth $100 million, and you promise to provide a minimum return of 0%. The equity portfolio has a standard deviation of 25% per year, and T-bills pay 5% per year. Assume for simplicity that the portfolio pays no dividends (or that all dividends are reinvested). a. What fraction of the portfolio should be placed in bills? What fraction in equity? b. What should the manager do if the stock portfolio falls by 3% on the first day of trading?
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