The learning curve suggests that an individual will
A. have an income that falls over time.
B. be subject to frequent spells of unemployment.
C. gain experience and increase productivity over time.
D. receive the same income throughout a career.
Answer: C
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Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. What will be the domestic quantity supplied?
A) Q0 B) Q1 C) Q2 D) Q2 - Q0
National health care programs are not as effective as they could be because:
A. health care providers tend to have a low absentee rate. B. public health care clinics often run out of important drugs. C. doctors rarely diagnose below their knowledge frontier. D. many doctors in clinics do not have sufficient knowledge to properly diagnose patients.
The only purpose of labor unions is to form a more cohesive bargaining entity to offset the bargaining power of employers in the labor market
Indicate whether the statement is true or false
Microsoft requires people who purchase its operating system to also purchase its web browser. This is an example of:
A. a tie-in sale. B. competitive pricing. C. price discrimination. D. predatory pricing.