In many countries, laws regarding firing and hiring mainly affect businesses with 50 or more workers. What effect has this had on the businesses?
a. More businesses have 49 or fewer workers.
b. Fewer businesses have 49 or fewer workers.
c. It has no effect on employment decisions.
d. Businesses grow faster to lower the costs of these laws.
a. More businesses have 49 or fewer workers.
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Typically, the major cost of a college education is
A) tuition. B) books. C) foregone income. D) housing.
Consider the labor market for computer programmers. During the late 1990s, the value of the marginal product of all computer programmers increased dramatically. Holding all else equal, the equilibrium quantity in the labor market for computer programmers
a. increased. b. decreased. c. did not change. d. It is not possible to determine the equilibrium quantity.
Average total cost is
a. AFC + (TVC/Q) b. TC/Q Incorrect. Please review Top Ten Concept # 6. c. (TFC/Q) + (TVC/Q) d. AFC + AVC e. all of the above
Which of the following examples involves externalities?
a. A garage sale results in an unreported profit of $500. b. A drug cartel is broken up by the FBI. c. A chemical factory causes extensive water pollution. d. A vacation in Florida results in several people getting sunburn.