Marginal utility is negative only when quantity demanded is negative
a. True
b. False
B
You might also like to view...
If the number of potential workers in an economy increases while the size of the labor force remains unchanged, ________
A) the labor force participation rate will fall B) the labor force participation rate will remain unaffected C) the labor force participation rate will increase D) the natural rate of unemployment will increase
When a negative externality exists, the market is said to underproduce the good connected with the negative externality.
Answer the following statement true (T) or false (F)
A decrease in the wage rate is represented as an upward movement along the labor supply curve
a. True b. False Indicate whether the statement is true or false
Suppose an economy experiences an increase in technological progress. This increase in technological progress will
A) allow more output to be produced with the same number of workers. B) allow the same amount of output to be produced with fewer workers. C) lead to changes in the types of goods produced. D) all of the above E) none of the above