Which is not a cause of the deterioration of the strength of labor?
a. the rise of the service sector
b. regional shifts in manufacturing
c. foreign industrial competition
d. a high rate of immigration of unskilled workers who tend to fear taking part in union activities.
e. All of the above are correct.
e. All of the above are correct.
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In the game in Scenario 13.11, equilibrium is
A) R1, C1. B) R1, C2. C) R2, C1. D) R2, C2. E) a mixed strategy based on all four pure strategies.
Japan is
a. an advanced economy, and over the past century its rate of economic growth has been higher than that of the United States. b. an advanced economy, and over the past century its rate of economic growth has been lower than that of the United States. c. a middle-income country, and over the past century its rate of economic growth has been higher than that of the United States. d. a middle-income country, and over the past century its rate of economic growth has been lower than that of the United States.
In the IS-LM model, the impact of an increase in government purchases in the goods market has ramifications in the money market, because the increase in income causes a(n) ______ in money ______.
Fill in the blank(s) with the appropriate word(s).
Assume that in the short run a firm is producing 100 units of output, has average total costs of $100, and average fixed costs of $20. The firm's total variable cost at this output level is
A. $12,000. B. $120. C. $8,000. D. $80.