The European central bank is located in Frankfurt, Germany
Indicate whether the statement is true or false
TRUE
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The above figure shows the market for labor. The employer is a monopsony. At the equilibrium level of employment, which of the following is CORRECT?
A) MCL = VMP B) VMP > W C) W < MCL D) All of the above are correct.
What is meant by "tax incidence"?
What will be an ideal response?
Which of the following is not a reason people choose to depend on others for goods and services?
a. to improve their lives b. to allow them to enjoy a greater variety of goods and services c. to consume more of each good without working any more hours d. to allow people to produce outside their production possibilities frontiers
The market
A. Always provides a better mix of goods and services without government intervention than it does with government intervention. B. May not produce the optimal mix of output, which is known as government failure. C. On its own may not always provide the optimal mix of goods and services. D. Always provides the optimal mix of goods and services.