The demand for labor is a derived demand because:
A. the income workers earn adds to the demand for output.
B. many workers are self-employed.
C. the demand for output comes from the demand for labor.
D. the demand for labor comes from the demand for output.
Answer: D
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One strategy that can be used to establish expensive procurement contracts is to start a program with relatively low initial costs. This strategy might be an unintended consequence of _____
a. military alliances with nations producing needed military goods b. unexpectedly high development costs associated with new technology c. the political process d. the incentives facing firms bidding for the expensive procurement contracts
The optimal level of pollution is achieved when: a. the marginal social benefit from decreased pollution is equal to the marginal social cost of reducing pollution. b. the level of pollution reaches zero
c. pollution abatement exceeds the pollution level. d. benefits from further pollution abatement are zero.
If a woman is out of the work force for 10 years while raising small children, she is legally entitled to
A. her old job back at what wage the current occupant of that job is making. B. nothing with regard to her previous job. C. her old job back at the wage she was making at the time. D. an entry level job with her old employer.
A merger between two firms with unrelated products is a
A. vertical merger. B. conglomerate merger. C. horizontal merger. D. monopoly merger.