Relative to corporations, sole proprietorships are:
A. less numerous and smaller in size.
B. less numerous and larger in size.
C. more numerous and larger in size.
D. more numerous and smaller in size.
Answer: D
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In a monopsony labor market, imposition of a minimum wage will
a. reduce employment b. increase unemployment c. cause employers to actually reduce wages d. reduce the number of people looking for work e. none of the above
Describe how financial innovation has affected the demand for money
What will be an ideal response?
Under perfect competition in the resource market, the marginal factor cost curve:
a. is positively sloped. b. is vertical. c. is negatively sloped. d. is horizontal. e. does not exist.
Other things the same, a country could move from having a trade deficit to having a trade surplus if either
a. saving rose or domestic investment rose. b. saving rose or domestic investment fell. c. saving fell or domestic investment rose. d. saving fell or domestic investment fell.