Refer to the figure above. If there is downward wage rigidity in the market, what will be the unemployment in the market after the demand curve shifts to LD2?
A) 20 units of labor B) 5 units of labor C) 10 units of labor D) 15 units of labor
C
You might also like to view...
Refer to the scenario above. Which of the following statements will be true?
A) Economy A's steady state equilibrium will lie to the right and below economy B's steady state equilibrium. B) Economy A's steady state equilibrium will lie to the right and above economy B's steady state equilibrium. C) Economy A's steady state equilibrium will lie to the left and below economy B's steady state equilibrium. D) Economy A's steady state equilibrium will lie to the left and above economy B's steady state equilibrium.
In Heckscher-Ohlin (H-O) theory, differences in ________ across countries are considered to be the basis for comparative advantage.
A. factor endowments B. production technologies C. economic freedom D. consumer tastes and preferences
To meet its obligations, the federal government must consider four alternatives: ________ income taxes ________ Social Security taxes ________ Social Security benefits ________ federal government discretionary spending
Fill in the blank(s) with the appropriate word(s).
If a firm produces components of its goods and services in other countries, it is said to be outsourcing.
Answer the following statement true (T) or false (F)