What is the output effect?
What will be an ideal response?
The change in the quantity of labor demanded resulting from a change in the amount of output produced.
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What should affect the fundamental value of a stock according to the efficient markets hypothesis?
What will be an ideal response?
When competition is present and private ownership rights are clearly defined and securely enforced by the legal system, business firms will have a strong incentive to
What will be an ideal response?
In the early 2000s, Chinese officials indicted members of a forgery syndicate that sold several hundred diplomas to high school graduates who needed the diplomas to take employment tests. This situation, where having the certificate of knowledge is more important than the knowledge itself, is known as:
A. the brain drain. B. human capital. C. certification. D. credentialism.
The cost valuations for a product are gut feelings that occur:
A. after marginal thought. B. instantaneously. C. after careful thought. D. after conscious weight is given to the perceived benefit of the product.