Which of the following will not cause the labor demand curve to shift to the right?
A) a technological improvement that increases labor productivity
B) an increase in human capital in the labor force
C) an increase in the market wage rate
D) an increase in the price of the firm's product
C
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Consider a perfectly competitive market experiencing good times. In the short run, the equilibrium price will ________ and firms will earn a(n) ________
A) increase; economic profit as the new price exceeds average total cost B) increase; normal profit as the new price exceeds average total cost C) decrease; economic loss as new firms enter the industry D) decrease; economic profit as firms exit the industry E) may increase or decrease; normal profit depending on their costs
A falling price level is called ________ and a fall in the rate of inflation is called ________
A) deflation; disinflation B) disinflation; deflation C) disinflation; a contraction D) a contraction; disinflation
The only item which would be consistent with a decreased likelihood of cartel formation for production of a product is
a. patent protection b. price inelastic demand c. many producers d. income elastic demand e. limited market entrance
State the case for and the case against currency bailouts.
What will be an ideal response?