In the labor market, as wages rise, households
A) decrease the quantity of labor supplied.
B) increase the quantity of labor supplied.
C) decrease the quantity of labor demanded.
D) increase the quantity of labor demanded.
E) increase the supply of labor.
B
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The monopolistically competitive firm will charge a price which is more than that charged by a perfectly competitive firm
a. True b. False Indicate whether the statement is true or false
If a nation is going to benefit fully from technological advances and entrepreneurial ideas, it must
a. be relatively easy for persons from diverse backgrounds to try out their ideas at a relatively low cost. b. have a mechanism that will bring unsound projects to a halt. c. have a central investment authority that will review projects and decide which should be undertaken. d. be both a and b.
"From each according to his ability; to each according to his needs" is from
A. The Communist Manifesto. B. The Capitalist Manifesto. C. The Socialist Manifesto. D. The Fascist Manifesto.
Most payments in the United States for goods and services are made using
A) currency. B) checking account deposits. C) traveler's checks. D) gold.