If a union succeeds in forcing employers in a perfectly competitive product market to increase wages above the equilibrium level, then the level of unemployment
A) will increase.
B) will remain constant.
C) will decrease.
D) may increase or decrease.
A
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Credit cards are NOT a part of the M1 or M2 money supply
Indicate whether the statement is true or false
The four main categories of resources are
a. labor, money, capital, and inputs b. capital, land, raw materials, and entrepreneurship c. raw materials, money, labor, and capital d. land, capital, labor, natural resources, and entrepreneurship e. human capital, physical capital, labor, and natural resources
A large government faces a production possibilities frontier much like a business firm does
a. True b. False Indicate whether the statement is true or false
Use the information in the table below.Percentage of salesIndustry 1Industry 2Industry 3Industry 4Firm 155%45%25%10%Firm 210%35%40%60%Firm 325%20%35%10%Firm 410% 20%According to the Herfindahl index,
A. Industry 3 is more concentrated than Industry 4. B. Industry 1 is more concentrated than Industry 2. C. Industry 3 is more concentrated than Industry 2. D. Industry 1 is more concentrated than Industry 4.