Other things remaining the same, which of the following is likely to cause a decrease in both the wage rate and the number of workers hired in a glass factory?
A) The introduction of labor-saving technology in the factory
B) The introduction of labor-complementary technology in the factory
C) A decrease in the population in the region where the factory is located
D) An increase in the population in the region where the factory is located
A
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The inflation rate in Genovia has been rising constantly. What can the central bank of the country do to control inflation?
What will be an ideal response?
If the United States exports planes to Brazil and imports ethanol from Brazil, the price received by U.S. producers of planes ________ and the price received by Brazilian producers of ethanol ________
A) does not change; does not change B) rises; rises C) rises; falls D) falls; falls E) falls; rises
During a recession, profit-oriented banks would be prone to reduce the money supply by increasing their excess reserves and declining to lend to less creditworthy applicants.
Answer the following statement true (T) or false (F)
Which of the following measures market structure?
A. Lerner index B. Herfindahl-Hirschman index C. Four-firm concentration ratio D. All of the choices may be used to make inferences about market structure.