For a competitive, profit-maximizing firm, the demand curve for labor will shift in response to a change in the
a. wage rate.
b. quantity of labor demanded.
c. price of the product that the firm sells.
d. an increase in the supply of labor.
c
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Assume a ceiling price is set above the equilibrium price. The final result is the equilibrium price
a. True b. False Indicate whether the statement is true or false
Summarize the assumptions that underlie Reverend Thomas Malthus’s model and contrast what Malthus expected to happen with what has actually occurred since the nineteenth century.
What will be an ideal response?
A debit item in the balance of payments is
A. any foreign aid received by the country. B. an item that creates a monetary claim on a foreigner. C. an item for which the country must pay. D. any exported item.
The basic dividend-discount model is a bit of an oversimplification for valuing stocks because it:
A. ignores the value of future dividends. B. ignores the risk involved in holding stocks. C. cannot handle stocks that do not pay dividends. D. ignores expected dividend growth.