In the United States, a "buy American" act was passed in 1933 to create larger markets for domestic goods
a. True
b. False
Indicate whether the statement is true or false
True
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A downward movement along the labor demand curve occurs when ________, assuming all else equal
A) the price of the output that the labor is used to produce increases B) the price of the output that the labor is used to produce decreases C) the wage rate increases D) the wage rate decreases
The short-run average total cost curve of a monopolistically competitive firm that incurs a loss will lie below the profit-maximizing price–output combination
a. True b. False Indicate whether the statement is true or false
Improvements in technology provide benefits to:
A) consumers, through lower prices. B) workers, although some jobs may be eliminated. C) firms, through lower production costs. D) all of the above.
There is a/an ________ relationship between educational level of the labor force and the unemployment rate.
A. inverse relationship B. cyclical relationship C. positive relationship D. direct relationship