The opportunity costs of labor is largely determined by
A) demand.
B) supply.
C) need.
D) greed.
A
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What is the right statement on Hecksher-Ohlin Theorem?
a. Hecksher-Ohlin theory can be extended multi-countries, multi-sectors, multi-factors. b. Hecksher-Ohlin theory can only be extended into multi-factors case. c. Hecksher-Ohlin theory can only be extended into multi-goods case. d. Hecksher-Ohlin theory can not be extended beyond two-country, two-sector, two-factor model e. Hecksher-Ohlin theory can only be extended into multi-countries case.
A market where goods are sold in violation of governmentally-imposed restrictions is a(n)
A) black market. B) export market. C) rent-seeking market. D) deadweight market.
Ensuring that high-quality public education is freely available to all children is one of the most important ways that a country can:
A. increase its foreign direct investment. B. decrease its stock of human capital. C. decrease its productivity. D. increase its stock of human capital.
Platform monopolies can undermine competitive markets because they:
A. symmetrically increase the amount of information available to the market. B. asymmetrically increase the amount of information available to the market. C. decrease the amount of information available to the market. D. increase the amount of information available to the market.