Refer to Figure 11-4. Within a country, the impact of wars and revolutions and their subsequent destruction of capital is reflected in the per-worker production function in the figure above by a movement from
A) B to A. B) E to B. C) B to C. D) A to C.
A
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Other things remaining the same, which of the following is likely to cause a left shift in the supply curve for labor?
A) A decrease in population B) An increase in population C) A decrease in the demand for the final product that the labor is used to produce D) An increase in the demand for the final product that the labor is used to produce
The U.S. antitrust laws
A) aid monopolies in their quest to dominate the market for a good or service. B) are outdated and rarely used anymore. C) promote competition. D) are administered by the Department of Commerce.
Recall the Application about the merger of Sirius Satellite Radio and XM Satellite Radio to answer the following question(s).Recall the Application. One might expect no more firms to enter after the market consolidated into one firm because:
A. the fixed cost of setting up a company system and acquiring programing is very high. B. the marginal cost of adding addition subscribers if very high. C. demand is very elastic. D. All of these
According to Keynesians, the primary reason money is not neutral is
A. price stickiness. B. reverse causation. C. rational expectations. D. misperceptions over the aggregate price level.