This agency regulates workplace safety and health conditions
A) Environmental Protection Agency
B) Consumer Product Safety Commission
C) Equal Employment Opportunity Commission
D) Occupational Safety and Health Administration
D
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The use of eminent domain to seize private property always results in an increase in cooperative surplus
Indicate whether the statement is true or false
Suppose that a market for a product is in equilibrium at a price of $3 per unit. At any price below $3 per unit:
A. there will be an excess demand for the product. B. there will be an excess supply of the product. C. the quantity demanded of the product will be less than the quantity supplied of that product. D. there will be a surplus of that product.
Why is it difficult to estimate job gains or losses due to free trade agreements?
What will be an ideal response?
Answer the following questions true (T) or false (F)
1. If a monopolistically competitive firm breaks even, the firm is earning as much in this industry as it could in any other comparable industry. 2. A monopolistically competitive firm that earns economic profits in the short run will be able to expand its market share even if the market size remains constant. 3. A monopolistically competitive firm that earns economic profits in the short run will face a more elastic demand curve in the long run.