The quantity of labor supplied by a particular wage earner will always increase as long as the wage rate increases
a. True
b. False
Indicate whether the statement is true or false
False
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Ransom E. Olds
A. was the first automobile manufacturer to use a division of labor and an assembly line. B. was the first automobile manufacturer to manufacture a standardized engine with interchangeable parts. C. sold millions of cars at a small unit of profit that allowed his company to dominate the industry. D. All of the choices are true.
An increase in the cost of acquiring human capital will shift the labor supply curve to the left; eventually, this will tend to decrease the equilibrium wage rate
a. True b. False
Which of the following is a potential solution to help low-income countries reduce their greenhouse gas emission?
a. The European Union relaxing strict guidelines for low-income countries’ emissions b. Reducing the emissions allowed by high-income countries c. High-income countries paying for some of the costs associated with reducing the emissions d. Imposing new, stricter emissions guidelines for low-income countries
In 1971, President Nixon concluded the_______ era in this country by ____________
Fill in the blank(s) with the appropriate word(s).