The number of substitutes available has hurt the business of the United States Postal Service.
a. true
b. false
Ans: a. true
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How will an increase in physical capital affect labor productivity, labor demand, and potential GDP?
What will be an ideal response?
Which of the following people would be considered unemployed assuming that they are actively seeking employment?
A) those who were fired from their job B) those who resigned from their job C) new entrants into the job market D) All of the above are correct.
The market expansion effect of globalization has which of the following effects?
A. The labor force participation rate declines. B. The demand for labor for many kinds of work increases, pushing the equilibrium wage up. C. The overall number of workers employed falls. D. The supply of labor for many kinds of work increases, pushing the equilibrium wage down.
When MR = MC and P = ATC for a monopolistically competitive firm, the firm is in
A. long?run disequilibrium. B. neither short?run nor long?run equilibrium. C. long?run equilibrium. D. short?run disequilibrium.