Labor productivity and the price of the good being produced are two variables that contribute to
A. the marginal product.
B. the demand for the product.
C. whether or not a union forms.
D. the wage rate.
Answer: D
You might also like to view...
Rank the following goods from least to most elastic: school, prep school, Purebred Prep School
A) School, prep school, Purebred Prep School B) Prep School, school, Purebred Prep School C) Prep School, Purebred Prep School, School D) Purebred Prep School, Prep School, School E) None of the above.
A pure positive income shock leads to
A) an increase in leisure and consumption. B) an increase in leisure and work. C) an increase in work and consumption. D) an increase in leisure and taxes.
Municipalities that have adopted the policy of "rent control" typically set the rentals on certain apartments well below equilibrium. As a result,
A) landlords have a difficult time finding tenants. B) prospective tenants have a difficult time finding available apartments. C) there is a surplus of apartments. D) All of the above.
In recent years, most immigrants to the United States have come from Latin America and Asia.
Indicate whether the statement is true or false.