Which of the following will NOT shift the MRP curve for labor?
A) a change in the productivity of labor
B) a change in the price of the product being sold
C) a change in the wage rate in the market
D) a change in the demand for the product being produced
Answer: C
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The price system has
A) prices fixed by the government. B) prices fixed by the seller. C) voluntary exchange. D) prices fixed by the producer.
The dominant strategy in the prisoners' dilemma is for
A) neither player to confess. B) both players to confess. C) only the dominant player to confess. D) the dominant player not to confess.
Securitization:
A. turns many loans into a single larger asset. B. is an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. C. is a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate. D. turns many loans into a risk-free secure asset.
The successor to GATT created in the Uruguay Round is the:
A. North American Free Trade Agreement B. World Trade Organization C. European Union D. Common Market