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