A strong majority of economists support the proposition that the material, not psychological, conditions of the slaves compared favorably with those conditions faced by industrial workers before the Civil War
Indicate whether the statement is true or false
False
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Differentiate between double oral auctions and bilateral negotiations
What will be an ideal response?
Which one of the following people is not considered by the BLS as belonging to the labor force?
a. a full-time student at Nassau Community College who devotes all her time to her classes b. Roger Cherrier, who works 30 hours a week at Burger King and goes to school at night c. David Reinblatt, who was fired last week and immediately started searching for a new job d. the President of the United States e. Matt George, who plays professional hockey for the minor league team the Hershey Bears and concedes that he would play for nothing because of the love of the sport
Exhibit 6-1 Production of pizza data Workers Pizzas 0 0 1 4 2 10 3 15 4 18 5 19 Exhibit 6-1 shows the change in the short-run production of pizzas as more workers are hired. The table shows the marginal product of the labor input is decreasing with the hiring of the third worker. A possible reason for this diminishing marginal product is:
A. decreases in labor productivity. B. increases in plant size. C. decreases in fixed cost. D. increased division of labor as additional workers are hired.
Explain how monopolistic ally competitive producers try to improve on the condition of just breaking even in the long run. Is this improvement a benefit for consumers?
What will be an ideal response?