Workers determine the supply of labor, and firms determine the demand for labor
a. True
b. False
Indicate whether the statement is true or false
True
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A consumer goes to purchase a TV advertised for $300. As he is checking out, the clerk informs him of a $20 rebate offer for the TV, which he fills out and receives in 3 months. What can one can infer about the consumer's reservation price?
A. It was exactly $300. B. It was at least $300. C. It was at most $280. D. It was at least $280 but less than $300.
In perfectly competitive markets, an implication of entry and exit in response to economic profit and loss is that:
A. firms will earn zero economic profit in the long run. B. market demand is completely elastic. C. firms must earn positive economic profit in the long run. D. all firms will exit the market in the long run.
A movement along the bond demand or supply curve occurs when ________ changes
A) bond price B) income C) wealth D) expected return
A major factor in the creation and proliferation of comprehensive health care insurance is _____
a. the health care tax credit b. the tax deductibility of employer-paid health plans c. the tremendous increase in the hard core poor d. the increase in low-cost lifesaving techniques