Firms may choose to discriminate in order to reduce information costs associated with screening applicants
a. True
b. False
Indicate whether the statement is true or false
True
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Marginal productivity theory would suggest that
A) all workers should be paid the same wage. B) higher productivity will increase the market wage of an individual. C) labor demand will have no impact on the wage paid. D) workers cannot do anything to improve their wage prospects for the future.
The crowding-out effect is small when firms are ______.
a. pessimistic about the future b. optimistic about the future c. considering sizable future investment d. operating at full-capacity
Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.
If the market supply curve is given by S3, then what will happen to the market supply curve in the long run?
A. It will shift to S1. B. It will shift to S2. C. It will stay at S3, but the quantity supplied will increase. D. It will stay at S3, but the quantity supplied will decrease.
The value of a country's currency, in terms of some other country's currency, is called
A. the exchange rate. B. the stock exchange. C. the nominal interest rate. D. dollarization.