Which of the following would be most likely to cause an increase in the wage rate for a particular job?
a. A decrease in the danger of this job.
b. An increase in the number of workers with the skills for this job.
c. An increase in the danger of this job.
d. An improvement in the working conditions associated with this job.
e. A decrease in the amount of training needed to perform this job
c. An increase in the danger of this job.
You might also like to view...
The act of firms working together to make decisions about price and quantity is called:
A. collusion. B. price discrimination. C. bulk ordering. D. artificial competition.
Using supply and demand analysis, which of the following is true?
a. The burden of a tax on production cannot be determined on the basis of who actually pays the tax. b. The burden of a tax on production is always split evenly between consumers and sellers. c. Consumers bear the entire burden of a per unit tax on production. d. Sellers bear the entire burden of a per unit tax on production.
The record of all international financial transactions in which a nation has engaged over a year is known as the: a. current account
b. capital account. c. balance of payments. d. the unilateral transfers balance.
The marginal cost curve:
A. rises when the point of diminishing marginal productivity is reached. B. declines until average total cost increases. C. first rises and then declines. D. rises when the average total cost curve lies above the average variable cost curve.