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.
Answer: A
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In the above figure, the line represented by the "4" is the
A) average fixed cost. B) marginal revenue. C) average total cost. D) marginal cost.
Which of the following is accurate?
a. Monetary policy is neutral in both the short run and the long run. b. Though monetary policy is neutral in the long run, it may have effects on real variables in the short run. c. Monetary policy has profound effects on real variables in both the short run and the long run. d. Monetary policy has profound effects on real variables in the long run, but is neutral in the short run.
The majority of new jobs created in the service sector of the U.S. economy have been in the information sector.
Answer the following statement true (T) or false (F)
Marginal utility can be:
A) positive, but not negative B) positive or negative, but not zero. C) positive, negative, or zero. D) decreasing, but not negative.