A company classified as a small and medium-sized enterprise (SME) has fewer than 500 employees.
a. true
b. false
a. true
Economics
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An increase in labor supply will increase the equilibrium wage rate
a. True b. False
Economics
Given a linear demand function of the form QXd = 500 - 2PX - 3PY + 0.01M, find the inverse linear demand function assuming M = 20,000 and PY = 10.
A. PX = 500 - 2QX - 3PY + 0.01M. B. PX = 335 - 0.5QX. C. PX = 500 - 2QX. D. PX = 335 - 2QX.
Economics
Which does NOT cause an industry that might otherwise be competitive to tend toward oligopoly?
A. economies of scale B. strategic independence C. mergers D. barriers to entry
Economics
Which of the following statements about the public debt is? true?
A) It is equal to the budget deficit.
B) It decreases when the government runs a budget deficit.
C) It is a stock variable.
D) all of the above
Economics