The demand for labor under imperfect competition is
a. more elastic than the demand for labor under perfect competition.
b. more inelastic than the demand for labor under perfect competition.
c. the same as the demand for labor under perfect competition.
d. perfectly inelastic.
b. more inelastic than the demand for labor under perfect competition.
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Tobin's q theory suggests that monetary policy may affect investment spending through its impact on
A) stock prices. B) interest rates. C) bond prices. D) cash flow.
Empirical evidence seems to suggest that there is _____ between education and education
a. a strongly positive link b. a weakly positive link c. no link d. a weakly negative link
Whenever the opportunity costs of goods are significantly different in different countries, there are gains from specialization and trade
a. True b. False
It is claimed that mutual funds have two advantages. The first is that mutual funds allow people with small amounts of money to diversify. The second is that mutual funds provide the skills of professional money managers who buy stocks they believe will be the most profitable and thereby increase the return that mutual fund depositors earn on their savings
a. Economists strongly agree with both claims. b. Economists are skeptical of both claims. c. Economists are skeptical of the first claim, but strongly agree with the second. d. Economists strongly agree with the first claim, but are skeptical of the second.