Recessions are periods of:

A) leftward shifts in labor supply. B) rightward shifts in labor supply.
C) rightward shifts in labor demand. D) leftward shifts in labor demand.


D

Economics

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Refer to Scenario 17.1. The highest level of y* that can be set and still have the high-productivity people choose to meet it is

A) 16. B) 13 1/3. C) 13. D) 8. E) 0.

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Which of the following examples would most likely be part of a perfectly competitive market?

a. cotton growers b. computer companies c. shoe manufacturers d. automotive businesses

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Patents are a barrier to entry.

Answer the following statement true (T) or false (F)

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Which of the following would most likely exhibit the highest price elasticity of demand?

A) gasoline B) Colgate toothpaste C) motor oil D) salt

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