If a firm takes the wage as given, then the supply curve of labor to that firm is
A) horizontal.
B) vertical.
C) upward sloping.
D) downward sloping.
A
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Which of the following is an example of a natural experiment?
A) A research on the effectiveness of a new medicine among some voluntary participants B) A study on the benefits of regular exercise by paying for the membership fees at fitness clubs for one-half of the participants C) A laboratory research on the effectiveness of solar power as an alternative source of fuel D) A research on the effect of air pollution on lung disorders by observing the health conditions of people who stay close to industrial areas and those who stay away from industries
If Project A has a cost of $5, and a provides a benefit of $10, and Project B has a cost of $2, and provides benefit of $4, then switching from Project A to Project B:
A) increases the net benefit by $3. B) decreases the net benefit by $3. C) increases the net benefit by $6. D) decreases the net benefit by $6.
Policies to increase the supply of money in the economy are primarily a concern of microeconomics
a. True b. False Indicate whether the statement is true or false
In general, the two extreme cases of market structure models are represented by:
a. monopolistic competition and oligopoly. b. oligopoly and monopoly. c. oligopoly and perfect competition. d. perfect competition and monopoly. e. perfect monopoly and oligopolistic competition.