When there is excess supply of a product in a market,
a. price will tend to rise.
b. price must be above the equilibrium price.
c. producers will expand output and sales will rise.
d. price must be below the equilibrium price.
B
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Which of the following shows the relationship between employees and their peers?
a. organizational chart b. gantt chart c. decision tree d. simulation
If there are 95 million people working, 5 million discouraged workers, 5 million receiving unemployment insurance benefits, and 10 million officially unemployed, how many people are in the labor force?
A. 95 million B. 100 million C. 105 million D. 110 million E. 115 million
The relationship between environmental harm and national income per person for arsenic water pollution exhibits a(n)
A. inverted U-shaped curve. B. U-shape curve. C. downward sloping curve. D. upward sloping curve.
The demand for labor is
A) derived from the demand for the final product of the firm. B) derived from the satisfaction that hiring labor provides the owner of the firm. C) derived from the satisfaction workers get for being employed. D) derived from a utility-maximizing process similar to that used to derive the demand curve for all workers in a given industry.