Basic supply and demand analysis indicates that having firms rather than the government provide health insurance to workers
A) changes neither the composition of the compensation that firms pay nor its level.
B) changes both the composition of the compensation that firms pay and its level.
C) changes the composition of the compensation that firms pay, but does not change its level.
D) does not change the composition of the compensation that firms pay, but does change its level.
C
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Based on this figure, if the official fixed value of krone is fixed at $0.15 per krone, then the Norwegian krone is ________ and the international reserves of Norway will ________ krone per period. 
A. undervalued; increase by 2,000 B. undervalued; increase by 5,500 C. overvalued; decrease by 2,000 D. overvalued; decrease by 5,500
Refer to Figure 11-7. If output is 100 units what is the fixed cost of production?
A) $8 B) $800 C) $1,000 D) This cannot be determined from the diagram.
If the marginal product of labor increases because of a shift of the MP curve, that will likely cause
a. an increase in the price of output produced by labor b. an increase in labor demand c. an increase in labor supply d. a fall in the wage paid to labor e. a fall in the number of workers employed
A monopolist is a price taker, just like a perfect competitor
a. True b. False Indicate whether the statement is true or false