Menu costs will:
A. increase the amount of training of workers.
B. make prices inflexible downward.
C. increase the legal minimum wage.
D. result in price wars between businesses.
Answer: B
You might also like to view...
A nation's investment must be financed by
A) national saving only. B) the government's budget deficit. C) borrowing from the rest of the world only. D) national saving plus borrowing from the rest of the world.
Private solutions to the problem of externalities are most likely when
A) transactions costs are low and the number of bargaining parties is small. B) transactions costs are low and the monetary damages to third parties are high. C) government actively encourages these solutions. D) transactions costs are low and the number of bargaining parties is large.
Head Start helps disadvantaged children in their preschool years
Indicate whether the statement is true or false
A decrease in U.S. income would have what effect on the foreign exchange market for Israeli shekels?
a. shift its demand curve to the right b. shift its demand curve to the left c. shift its supply curve to the right d. shift its supply curve to the left e. have no effect on the demand and supply curves