Which of the following is true about the equilibrium market wage? A. All workers are satisfied with the wage.
A. All workers are satisfied with the wage.
B. There is no unemployment in the market at the equilibrium wage.
C. Competitive employers have market power with respect to the equilibrium wage.
D. All employers are satisfied with the wage.
Answer: B
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A) it more accurately represents the true cost of borrowing B) it varies negatively with changes in the rate of inflation C) it is the better indicator of credit market conditions D) all of the above E) none of the above
Which of the following is true if the opportunity cost of producing a particular good is less than its accounting profit?
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A. 20. B. 10. C. 81. D. 2.
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