As a supplier, you would probably supply _________________________labor at a higher price than a lower price.
Fill in the blank(s) with the appropriate word(s).
Ans: more
You might also like to view...
If consumption expenditures are $200 billion, total investment is $50 billion, government purchases are $40 billion, exports are $45 billion, imports are $40 billion, aggregate expenditures must be:
a. $275 billion. b. $295 billion. c. $320 billion. d. $395 billion.
The gasoline tax
a. is similar to most other taxes in that it causes deadweight losses. b. produces the unfortunate side-effect of making the roads more dangerous. c. can be viewed as a corrective tax aimed at multiple negative externalities associated with driving. d. can be viewed as a command-and-control policy aimed at discouraging people from driving.
Suppose the accompanying figure shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist.
At this monopolist's profit-maximizing level of output, consumer surplus is ________.
A. $9,000 B. $4,500 C. $2,000 D. $4,000
In competitive labor markets, ________ demand labor and ________ supply labor.
A. firms; labor unions B. firms; workers C. workers; firms D. labor unions; firms