In a labor market with one employer, the MFC is:
a. above the labor supply curve.
b. above the labor demand curve.
c. what determines the wage.
d. downward sloping.
e. perfectly horizontal.
a
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The Federal Trade Commission is an agency charged with
A) regulating interstate commerce. B) enforcing product safety laws. C) regulating international commerce. D) enforcing antitrust laws.
All of the following countries have been described as socialist economies, except
A. Norway. B. France. C. Sweden. D. The United States.
An import is any good that is:
A) produced and consumed domestically. B) priced through an auction mechanism. C) produced abroad, but sold domestically. D) rationed and licensed by the government.
Which of the following CORRECTLY describes the above figure?
A) There is no relationship between x and y. B) There is a positive relationship between x and y. C) There is a negative relationship between x and y. D) None of the above answers are correct.