All other things constant, the entry of new firms into a labor intensive industry like carpet weaving is likely to:
a. shift the market demand for labor curve to the right
b. make the market demand for labor curve steeper.
c. shift the demand for labor curve for each carpet producer to the left.
d. shift the market supply of labor curve to the left.
a
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Refer to Figure 10.7. A movement from point A to point B could be caused by
A) a negative demand shock. B) a decrease in the term premium investors expect in the future. C) an increase in the default-risk premium. D) an increase in the expected rate of inflation.
How does a supply curve illustrate the law of supply?
(A) It is a horizontal line. (B) It always rises from left to right. (C) It is a vertical line. (D) It always rises from right to left.
Which of the following countries concentrate power in a single legislative chamber?
A. unicameral B. bicameral C. unitary D. federal
How do exchanges seek to reduce default risk in the futures market?
What will be an ideal response?