If we assume competitive labor markets, the supply curve of labor when the firm is a monopoly is
A) upward sloping.
B) vertical.
C) horizontal.
D) downward sloping.
Answer: C
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The longest and most severe recession in the United States since 1925 began in:
A. 1945. B. 1982. C. 1957. D. 1929.
A(n) ________ of a nation's currency will cause imports to ________ and exports to ________, all other things held constant
A) depreciation; increase; decrease B) appreciation; decrease; increase C) depreciation; decrease; increase D) appreciation; increase; increase E) depreciation; decrease; decrease
Monopolistic competition is characterized by which of the following attributes: i. Many sellers ii. Product differentiation iii. Significant barriers to entry
a. (i) and (iii) only b. (i) and (ii) only c. (ii) and (iii) only d. (i), (ii), and (iii)
Matt is going to college to become a pharmacist. What he learns about existing information increases
a. both technological knowledge and human capital. b. technological knowledge but not human capital. c. human capital but not technological knowledge. d. neither technological knowledge nor human capital.