Engaging in international trade has all of the following effects except:
A. altering prices in different countries.
B. influencing labor markets in different countries.
C. increasing number of goods and services we can consumer in different countries.
D. it makes use of resources less efficient.
D. it makes use of resources less efficient.
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The formula for the computation of labor productivity is
A) nominal GDP/number of workers. B) real GDP/number of workers. C) nominal GDP/population. D) real GDP/population.
What is the marginal product of labor?
What will be an ideal response?
If Best Lights and Bright Lights are competing in a duopoly and it is always best for Best Lights to charge a price of $4 regardless of the price Bright Lights charges, then charging $4 is ________ for Best Lights.
A) a pure, but not dominant strategy B) a dominant, but not pure strategy C) a dominant and pure strategy D) neither a dominant nor pure strategy
Which of the following expressions equals profit per unit of output?
a. MR - MC b. P - AVC c. MR - P d. P - ATC e. MR - ATC