Strategic behavior is a result of the interdependence in decision making between firms
Indicate whether the statement is true or false
True
You might also like to view...
A positive statement:
A. can actually be false. B. must always be true. C. provides an opinion with a positive outlook. D. is the same as a normative statement.
The idea of efficiency wages is that:
A. the wages of each type of labor must be proportionate to their marginal products. B. the wages of each type of labor must be equal to their marginal products. C. firms might get greater work effort by paying above-equilibrium wage rates. D. workers are more diligent when paid below-equilibrium wages.
Health insurance leads to what types of moral hazards?
What will be an ideal response?
At the economy's natural rate of unemployment:
A. the economy achieves its potential output. B. there is only a relatively small amount of cyclical unemployment. C. only frictional unemployment exists. D. only structural unemployment exists.