One of the major motivations for labor resistance to productivity enhancing changes in a production process is the resulting threat to job security
Indicate whether the statement is true or false
TRUE
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To determine the price elasticity of demand, we
A) need information on consumers' incomes. B) need to know how much is available. C) compare the percentage change in the quantity demanded to the percentage change in the price. D) compare the change in the quantity to the change in price. E) divide the quantity by the price.
The price of a bond with a maturity date one time period into the future is equal to its face value
a. multiplier by 1 - r. b. multiplied by 1 + r. c. divided by 1 + r. d. divided by 1 - r.
In the employer-worker relationship, the employer is regarded as the "principal" and the worker is regarded as the "agent."
a. True b. False Indicate whether the statement is true or false
__________ identifies the level of Real GDP the economy produces when all economywide adjustments have taken place and there are no misperceptions on the part of workers
A) Short-run equilibrium B) Disequilibrium C) Long-run equilibrium D) Equilibrium E) none of the above