When you buy newly-issued shares of Twitter stock, this transaction takes place in the
A) bond market. B) bear market. C) primary market. D) secondary market.
C
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When the wage increases, the substitution effect in the household's choices leads to
A) a decrease in consumption and leisure. B) a decrease in consumption and an increase in leisure. C) an increase in consumption and a decrease in leisure. D) an increase in consumption and leisure.
If a firm is a monopsonistic hirer of labor:
a. its marginal expense for labor is greater than the market wage. b. its marginal expense for labor is equal to the market wage. c. its marginal expense for labor is less than the market wage. d. it is a price taker in the labor market.
The Dodd-Frank bill is new financial regulation
Indicate whether the statement is true or false
For given inputs of labor and capital, if technology is better, labor productivity will be
a. higher. b. lower. c. unchanged. d. characterized by increasing returns to scale.