Which of the following best explains why productive workers can command high wages?
a. the presence of minimum wage legislation.
b. wage and price controls that reflect the political power of labor organizations.
c. competition among employers for productive workers.
d. the bargaining power of labor unions.
c. competition among employers for productive workers.
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A factor that helps to determine the demand for the dollar in the foreign exchange market is
A) the expected future exchange rate. B) the expected future interest rate. C) the amount of U.S. imports. D) the supply of U.S. dollars.
The short-run relationship between inflation and unemployment is often called as the Phillips curve.
Answer the following statement true (T) or false (F)
As a general rule of thumb, a manager can be 95 percent confident that the true value of the underlying parameter in the regression is not zero, when the absolute value of the t-statistic is:
A. greater than or equal to 1. B. greater than zero. C. greater than or equal to 2. D. None of the statements is correct.
XYZ Computer Company has a monopoly on the sale of a specialized color printer. If it sells two of these printers its total revenue is $1,000, and if it sells three color printers its total revenue is $1,400. The marginal revenue of the third color printer sold is
A. $200. B. $300. C. $400. D. $1,300.