The primary purpose of antitrust legislation is to:
A. protect small business.
B. protect the competitiveness of U.S. business.
C. protect the prices of American-made products.
D. ensure American labor is paid a fair wage.
Answer: B
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In the DMP model, an increase in the unemployment insurance benefit does not, under any circumstances
A) increase the vacancy rate. B) increase the unemployment rate. C) reduce labor market tightness. D) reduce the size of the labor force.
Suppose an increase in the demand for labor results in an increase of $4 per hour in the equilibrium wage. How does the increase in the demand for labor affect the value of the marginal product of labor (VMPL)?
a. The VMPL increases by less than $4. b. The VMPL increases by $4. c. The VMPL increases by more than $4. d. The VMPL decreases by $4.
Refer to the information provided in Figure 1.7 below to answer the question(s) that follow.
Figure 1.7Refer to Figure 1.7. The slope of the line between Points D and B is
A. 1.5. B. 0.67. C. -0.67. D. -1.5.
The economic way of thinking asserts, as a universal claim, that
A) politicians are immoral. B) voters are immoral. C) morals don't matter in politics. D) all of the above are true. E) none of the above are true.