In a discussion of economics, which of the following would exert the most influence on an individual firm's decision to hire workers?
A. wage levels
B. the macroeconomy
C. the firm's income
D. household income
B. the macroeconomy
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Public provision
A) is the production of a good by the government by giving funds to private producers. B) lowers the marginal cost of producing the good. C) means the good is produced by a public authority that receives the most of its revenue from the government. D) Both answers A and B are correct. E) Both answers B and C are correct.
The largest migration pattern in China at present is from urban centers to more rural areas to escape traffic and pollution
Indicate whether the statement is true or false
If an industry has 25 firms that collectively have $150 million in total sales and the top four firms in this industry account for $90 million in sales, what is the concentration ratio of the top four firms in this industry?
A) 42 percent B) 60 percent C) 70 percent D) 80 percent
The trade-off between physical capital and current consumption:
A. is harder for poorer countries than rich ones. B. is easier for poorer countries than rich ones. C. involves giving up less current consumption for poor countries, since they have little. D. involves giving up more current consumption for rich countries, since they have so much.