Refer to the information provided in Figure 28.3 below to answer the question(s) that follow.
Figure 28.3Refer to Figure 28.3. In an attempt to increase worker productivity, this firm would pay wages ________ per hour.
A. of $10
B. > $10
C. of $8
D. < $8
Answer: B
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The goal of antitrust acts is to
A. protect consumers. B. protect firms. C. limit profits of companies. D. reduce competition.
Which of the following statements is true?
A) A direct relationship has a negative slope value. B) A straight line has a slope of one. C) A curved line has slope values that change at every point. D) An inverse relationship has a positive slope value.
According to the law of diminishing returns
a. Production increases at a decreasing rate b. Production increases at a increasing rate c. Production decreases at a decreasing rate d. Production decreases at an increasing rate
Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness?
A) inflation B) unemployed persons falsely report themselves to be actively looking for a job C) discouraged workers D) people employed in the underground economy