Price ceilings are illegal in the United States
Indicate whether the statement is true or false
FALSE
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Suppose there are four industries. Labor costs are 80 percent of total costs in industry A, 60 percent in B, 45 percent in C, and 10 percent in D
In which of these industries will a 10 percent increase in the price of labor reduce quantity demanded of labor by the largest proportion? A) A B) B C) C D) D
A main argument against indexing is that: a. it can worsen inflation
b. it can reduce asset prices. c. transaction costs are too high. d. it could lead to deflation.
The entry of a second firm shifts the demand curve of the original firm to the left ?, so that at each price the original firm will sell a decreased quantity.
The entry of a second firm shifts the demand curve of the original firm to the
so that at each price the original firm will sell
quantity.
In early 2010 there were __________ Americans working than there were 10 years earlier.
A. more B. fewer C. the same number of