A second or third worker may have a higher marginal product than the first worker in certain circumstances
a. True
b. False
Indicate whether the statement is true or false
True
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Assets that are used for money that have intrinsic value generally keep:
A. a more steady value than those that don't. B. just as steady a value as those that don't. C. a less steady value than those that don't. D. a value that is not comparable to other assets.
Sticky wages:
A. slow economic recoveries but decrease the costs that unemployed workers bear. B. speed economic recoveries but increase the costs that unemployed workers bear. C. slow economic recoveries and increase the costs that unemployed workers bear. D. speed economic recoveries and decrease the costs that unemployed workers bear.
__________ make airfare shopping more accessible
Fill in the blank(s) with the appropriate word(s).
One characteristic of monopolistic competition is that it has
A) many firms producing a slightly differentiated product. B) many firms producing identical goods. C) one firm producing a unique good. D) a few firms producing a slightly differentiated product. E) large barriers to entry.