Decreases in the demand curve for labor may arise from ____ in labor productivity or from ____ in the price of the good
a. increases; increases.
b. increases; decreases.
c. decreases; increases.
d. decreases; decreases.
d
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Punitive damages are meant to
a. codified law b. criminal law c. common law d. case law e. all of the above
The import demand curve determines the ________ in the same way that the export supply curve determines the ________
A) supply of foreign exchange; demand for foreign exchange B) supply of domestic currency; demand for domestic currency C) demand of foreign exchange; supply for foreign exchange D) demand of domestic currency; supply for domestic currency
If the value of the Herfindahl index is 10,000 . there must be exactly one firm in the industry
a. True b. False
If the owner of an ice-cream stand told a student looking for summer work that he would not hire him even if he worked for nothing, we can infer that
A. the marginal product of the labor is zero or less. B. the owner is producing at the lowest cost. C. the marginal product of labor is rising. D. the average product of labor is rising.