The demand curve for labor is the
A) marginal factor cost curve for labor.
B) marginal physical product curve for labor.
C) marginal physical product curve for labor times the wage rate.
D) marginal revenue product curve for labor.
D
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If the price level in Japan increases more rapidly than the price level in Britain, we would expect
A) interest rates in Japan to lower than interest rates in Britain. B) the Japanese yen to depreciate against the British pound. C) the British pound to depreciate against the Japanese yen. D) Japanese productivity to have increased more rapidly than British productivity.
The first term in an NPV calculation is usually
A) positive, because firms consider only positive returns. B) positive, because interest charges do not accrue until the second period. C) zero, because interest charges do not accrue until the second period. D) negative, because funds for the project have to be borrowed up front before it is begun. E) negative, because the cost of the project is immediate, but revenue streams from the project come later.
Intra-industry trade is the buying and selling of goods within ____________ industry/industries from one country to another.
a. different b. non-competitive c. the same d. multiple
According to the theory of efficiency wages, if a firm stops paying efficiency wages it is likely to see a(n)
a. increase in the number of job applicants and an increase in how long workers stay on the job. b. increase in the number of job applicants and a decrease in how long workers stay on the job. c. decrease in the number of job applicants and an increase in how long workers stay on the job. d. decrease in the number of job applicants and a decrease in how long workers stay on the job.