Compensating differentials are differences in wages related to the characteristics of a job
a. True
b. False
Indicate whether the statement is true or false
True
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Demand in a perfectly competitive market is Q = 100 - P. Supply in that market is Q = P - 10. What is the market equilibrium price and quantity? Given that price and quantity, how much consumer surplus, producer surplus, and deadweight loss is there? If the government imposes a $10 per unit sales tax, what is the new equilibrium price and quantity? Once the government imposes the tax, how consumer surplus, producer surplus, and dead-weight loss is there?
What will be an ideal response?
The account that records a nation's economic transactions with other countries is
a. the current account b. the international monetary fund c. the foreign exchange market d. the balance of payments e. the capital account
The greater the degree of substitutability between capital and labor, the greater will be the downward shift in the cost curve when wage falls.
Answer the following statement true (T) or false (F)
With respect to the stock market, the acronym IPO stands for
A. investment proposal option. B. immediate public offering. C. internal public offering D. initial public offering.