As the wage rate falls, other things constant, perfectly competitive firms will employ
A) fewer workers.
B) more capital.
C) the same number of workers.
D) more workers.
Answer: D
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The first Fed chair to hold a press conference was:
A) Paul Volcker B) Alan Greenspan C) Ben Bernanke D) Mario Draghi
Which of the following is a characteristic of bonds?
A) pay zero nominal interest B) can be used for transactions C) are sold for a price that varies inversely with the interest rate D) all of the above E) none of the above
In 2013, the top 3% of wealth holders owned ________ of the nation's wealth.
A. 25.5% B. 54.5% C. 75.3% D. 92.9%
Default risk
A) is the probability that a borrower will not pay in full the promised coupon or principal. B) exists only for the bonds of small corporations. C) is also known as market risk. D) is zero for bonds issued by cities and states.