Which of the following is not an example of an oligopolistic barrier to entry?
a. diseconomies of scale
b. legal restrictions
c. advertising and brand proliferation
d. high start-up costs
e. control over an essential resource
A
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One of the most important changes in the composition of the labor force in the United States has been
A. the major increase in the number of workers who work full-time out of their own homes. B. the drop in the number of men who only work part-time. C. the pattern of increase in the number of women in the labor force. D. the increase in the ratio of male workers to female workers. E. the major increase in the number of men who work in other countries.
If the price of tables sold by All-Oak Table Co. decreases from $500 to $400, then the:
A. supply of labor to All-Oak Table Co. increases. B. demand for labor by All-Oak Table Co. decreases. C. demand for labor by All-Oak Table Co. increases. D. supply of labor to All-Oak Table Co. decreases.
Why doesn't GDP change in the long run when the money supply changes?
A. Because in the long run, GDP is determined by the fundamental factors of growth, not the money supply. B. Because the money supply changes only in the short run and then returns to its long-run level. C. Because in the long run, GDP is determined by fiscal policy and not by monetary policy. D. Because in the long run, households adjust their savings to counteract any change in the money supply.
When a firm pays higher wages for its workers to improve workers' productivity, the firm pays
A. sticky wages. B. minimum wages. C. efficiency wages. D. flexible wages.