Which of the following is a term for the total value of a firm's outstanding shares?
A) market value
B) intrinsic value
C) fair value
D) fairness value
A
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One reason unions might support an increase in the minimum wage is because such a policy would cause a leftward shift in the demand curve for union labor
Indicate whether the statement is true or false
Which of the following groups would have the highest unemployment rates?
a. married men b. white workers c. college graduates d. teenagers
In the Ricardian model, the marginal product of labor:
a. first rises, then falls, as more labor is employed to produce a good. b. first falls, then rises, as more labor is employed to produce a good. c. continuously falls, as more labor is employed to produce a good. d. does not change, as more labor is employed to produce a good.
Which of the following is a common criticism of advertising?
a. It manipulates consumers’ tastes. b. It emphasizes product quality. c. It creates competition between firms. d. It focuses on what consumers want.