All of the following shift the labor demand curve EXCEPT changes in
A) fringe benefits offered to employees.
B) the demand for the final product.
C) labor productivity.
D) prices of related factors.
A
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Which of the following most accurately describes the invisible hand concept?
a. Wise central planning by government is necessary for the efficient use of resources. b. In a democratic setting, majority rule will result in the efficient use of resources. c. In a market setting, when individuals pursue their own interests, they simultaneously tend to promote the public interest. d. In a market setting, when individuals pursue their own interests, they tend to engage in activities that lower the overall economic welfare of society.
The net value to the federal government of the bonds currently held in the Social Security Trust Fund is
a. approximately $1 trillion. b. now approaching $2 trillion. c. greater than $2.5 trillion. d. zero, because the federal government is both the payee and recipient of the interest and principal represented by these bonds.
What basket of goods in used to construct the CPI?
What will be an ideal response?
How much is this firm's total loss?
