The labor supply curve has a
A) positive slope always.
B) negative slope if the income effect is greater than the substitution effect.
C) positive slope if the income effect is greater than the substitution effect.
D) negative slope always.
B
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Which is the least common type of business?
A) sole proprietorship B) corporation C) partnership D) impossible to determine without further information
History has shown that over the long run, labor-saving technology has actually not reduced employment
a. True b. False Indicate whether the statement is true or false
Entry of new firms will occur in a monopolistic competitive industry until:
a. marginal revenue equals marginal cost. b. economic profit is negative. c. marginal revenue equals zero. d. economic profit equals zero. e. marginal cost equals zero.
If strong fiscal policy stimulus is used to combat a recessionary gap, what will happen?
A. A rapid movement toward lower unemployment and higher inflation B. A rapid movement toward lower unemployment and lower inflation C. A slow movement toward lower unemployment and higher inflation D. A slow movement toward lower unemployment and lower inflation.