An increase in labor productivity would cause a rightward shift of the labor supply curve.
Answer the following statement true (T) or false (F)
False
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On a national level, the concentration ratio for grocery stores is very low. But, the "true" market for grocery stores is local in nature. What limitation does the geographic market put on the measure of concentration for grocery stores?
A) On the local level, grocery stores are more concentrated than they appear on the national level. B) On the local level, grocery stores are not as concentrated as they appear on the national level. C) The level of concentration is overestimated when viewing the national level. D) Both answers A and C are correct.
Marxists believe that interest income is justifiable because it discourages present consumption
Indicate whether the statement is true or false
The opportunity cost of working one hour is the sum of the values you would have received from all other activities you could have done in that hour
a. True b. False Indicate whether the statement is true or false
Which of the following is not a commonly-advanced argument for trade restrictions?
a. the jobs argument b. the national-security argument c. the infant-industry argument d. the efficiency argument