Labor markets where power exists on both the demand side and the supply side are rare.
Answer the following statement true (T) or false (F)
False
Labor markets with significant power on both sides are common.
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If X is a normal good, an increase in income will shift the
A. demand curve for X to the left. B. supply curve for X to the left. C. supply curve for X to the right. D. demand curve for X to the right.
An increase in the price of poultry would lead to
A. a decrease in quantity demanded of fish and an increase in the demand for poultry. B. a decrease in quantity demanded of poultry and an increase in the demand for fish. C. an increase in quantity demanded of fish and a decrease in the demand for poultry. D. an increase in quantity demanded of poultry and a decrease in the demand for fish.
In the long run all costs are variable costs. Why?
What will be an ideal response?
The Fed has set a uniform reserve requirement of 3 percent for all deposits in the U.S. banking system
a. True b. False Indicate whether the statement is true or false