The labor market is composed of
A. a relatively homogeneous supply of labor and downward-sloping demand curve.
B. a vertical supply curve for labor and relatively elastic market demand.
C. many submarkets for labor of different types.
D. more teenagers than any other age group of labor.
Answer: C
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Which of the following differs between a perfectly competitive market and a market with a perfectly price discriminating monopoly?
A) The amount of producer surplus B) The quantity produced C) The total surplus D) None of the above because they are all the same in a perfectly competitive market and in a market with a perfectly price discriminating monopoly.
What is the opportunity cost of moving from point A to point B?
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Which of the following statements describes the situation for the United States at a real interest rate of 4 percent?
a. There is a capital inflow from the United States to the United Kingdom.
b. The interest rate is at the equilibrium level for the United States.
c. The quantity of loanable funds demanded by U.S. borrowers is greater than the quantity of loanable funds supplied by U.S. lenders.
d. The quantity of loanable funds demanded by U.K. borrowers is greater than the quantity of loanable funds supplied by U.K. lenders
The PEST factors, combined with external micro-environmental factors and internal drivers, can be classified as opportunities and threats in a blank.
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