Free trade benefits all consumers and producers in a country
Indicate whether the statement is true or false
F
Economics
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Which of the following is not equal to the others in equilibrium?
A) the real wage B) the marginal rate of substitution between leisure and consumption C) the marginal product of labor D) the price of consumption
Economics
Oil import restrictions were probably unwise, as they raised the price of domestic oil in the United States and reduced the long-term domestic supply of oil
Indicate whether the statement is true or false
Economics
If the firm hires 8 workers, the total amount of fixed costs equals
a. $6200 b. $1000 c. $600 d. $1200
Economics
Greater labor productivity means
A. Lower output per labor-hour. B. Higher output per worker. C. Higher labor cost per unit of output. D. Lower output per worker.
Economics