Use the following graph (where L is the quantity of labor) to answer the next question.
It shows a firm that buys its inputs and sells its output in competitive markets. If the firm develops a new technology that increases labor productivity, the equilibrium level of employment for this firm is expected to be
A. higher than L0.
B. L0.
C. lower than L0.
D. zero.
Answer: A
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Which of the following policy measures prohibited compliance officers from being involved in producing or selling credit ratings?
A) the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 B) Sarbanes-Oxley Act of 2002 C) Global Legal Settlement of 2002 D) Gramm-Leach-Bliley Act of 1999 E) Riegle-Neal Act of 1994
An effective price floor on wheat will:
A. force otherwise profitable farmers out of business. B. result in a shortage of wheat. C. result in a surplus of wheat. D. clear the market for wheat.
Refer to Exhibit 2-7. Which of the following statements is true?
A. If the economy's PPF is represented by PPF1, points A and B are productive efficient, while C and D are unattainable. B. Point F is more efficient than point D. C. Points B and D are more efficient than points A and C. D. If the economy's PPF is represented by PPF2, points C and D are productive efficient, while A and B are unattainable.
The argument a tariff on imported goods produced by an unlimited industry could benefit the members of the domestic union is
A) the national defense argument. B) the protect domestic jobs argument. C) the infant industry argument. D) the dumping argument.