Workers whose wages tend to adjust slowly include all of the following EXCEPT
A) those with long-term contracts.
B) movie stars, professional athletes, and rock stars.
C) union workers.
D) unskilled, low wage workers.
B
You might also like to view...
Because of record-keeping and monetary costs, a general grant is always preferable to a categorical grant
a. True b. False
A worsening of a country's terms of trade means that its export prices are falling relative to its import prices
Indicate whether the statement is true or false
For each watch Denmark produces, it gives up the opportunity to make 50 pounds of cheese. Germany can produce one watch for every 100 pounds of cheese it produces. Which of the following is true with regard to opportunity costs in the two countries?
a. The opportunity cost of producing watches is higher in Denmark. b. The opportunity cost of producing cheese is higher in Denmark. c. The opportunity cost of producing cheese is identical in both countries. d. It is impossible to compare opportunity costs because the two countries use different currencies. e. In both countries combined, the opportunity cost of one watch is 150 pounds of cheese.
Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. If the Hand Made Shirt Shop is monopolistically competitive, what is the minimum level of fixed cost that would lead to the firm continuing to operate in the short run?
A. $100 B. $1,150 C. $1,250 D. The firm would continue to operate regardless of the level of fixed costs.