If unions were formed in more industries, the supply of labor in other industries would
a. increase, causing employment in other industries to rise.
b. increase, causing employment in other industries to fall.
c. decrease, causing employment in other industries to rise.
d. decrease, causing employment in other industries to fall.
a
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Economists refer to the talents, training, and education of workers as
A. physical capital. B. average labor productivity. C. human capital. D. labor supply.
In which market structure are there a small number of firms competing?
A) only monopoly B) only oligopoly C) perfect competition D) monopolistic competition E) either monopoly or oligopoly
Technological efficiency occurs when the firm produces a given output by using the least amount of inputs
Indicate whether the statement is true or false
One major challenge of the Canadian National Health Insurance System is
a. there is more access to medical technology in Canada. b. The population density differences in the country. c. the monopsony power of the Canadian provincial health plans in negotiating fees with physicians' associations. d. the fact that there is no large inner-city population in Canada to drive up costs. e. all of the above.