Which of the following events could decrease the demand for labor?
a. An increase in the number of migrant workers
b. An increase in the marginal productivity of workers
c. A decrease in demand for the final product produced by labor
d. A decrease in the supply of labor
c
You might also like to view...
If a mutual fund outperforms the market in one period, evidence suggests that this fund is
A) highly likely to consistently outperform the market in subsequent periods due to its superior investment strategy. B) likely to under-perform the market in subsequent periods to average its overall returns. C) not likely to consistently outperform the market in subsequent periods. D) not likely to outperform the market in any subsequent period.
Which of the following would not tend to lower the price of VCRs?
a. decreasing price of DVD players b. increasing price of video cassettes c. improvement in VCR production technology d. reduced price of raw materials used in making VCRs e. increasing price of pay-per-view movies on cable TV
Which of the following is characteristic of a monopolistically competitive firm?
A. The firm faces an upward-sloping demand curve. B. The firm faces an inelastic demand curve. C. The firm faces a horizontal demand curve. D. The firm produces a differentiated product.
Freely functioning markets in the real world always result in efficient allocations of resources.
Answer the following statement true (T) or false (F)