The demand for labor schedule is the same as ________
A) real wage line
B) supply of labor schedule
C) the minimum wage rate in that economy
D) the marginal product of labor schedule
D
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Which of the following is NOT true about dead capital?
A) Companies will be less likely to want to invest when a country has a lot of dead capital. B) Dead capital can inhibit economic growth. C) Dead capital will lead to higher investment returns. D) Dead capital can lead to a situation where resources are not efficiently employed.
If Happy Cows contractually requires distributors who purchase Happy Cows' milk to also purchase Happy Cows' cream, this is an example of ________.
A) territorial confinement B) a tying arrangement C) exclusive dealing D) a requirements contract
Suppose a Russian economist told you that since the fall of communism, the Russian income distribution has shifted to perfect inequality, you would know then (no need to calculate), that the Russian Gini coefficient is
a. 1 b. 0 c. 10 d. -1 e. infinite
When some jobs are inherently more risky or unpleasant than other jobs, different workers will be paid different wages because of
a. differences in human capital. b. differing access to capital. c. compensating differentials. d. discrimination.