A firm's labor demand curve is typically
A. downward sloping.
B. a horizontal line.
C. upward sloping.
D. a vertical line.
E. associated with a slope equal in absolute value to the slope of the labor supply curve.
Answer: A
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Which of the following statements is true?
A) In the United States, the unemployment rate among bachelor degree holders is more than the unemployment rate among high school diploma holders. B) Unemployment rate is higher among groups with lower educational attainment. C) More educated workers have a lower opportunity cost of time than less educated workers. D) The unemployment rate in a country normally increases when the country's economy expands.
What is capital flight?
What will be an ideal response?
When workers expect the real wage to rise at a rate similar to productivity improvements, ________
A) the decrease in labor supply raises the real wage B) the increase in labor supply lowers the real wage C) the increase in labor supply raises the real wage D) the decrease in labor supply lowers the real wage
The marginal cost curve intersects the average total cost curve at the firm's most efficient point of production
a. True b. False Indicate whether the statement is true or false