Some degree of unemployment is inevitable in a complex economy
a. True
b. False
Indicate whether the statement is true or false
True
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An increase in the effective corporate tax rate due to increased inflation results in
a. a upward shift of the investment schedule. b. a downward shift of the investment schedule. c. no shift of the investment schedule. d. a rightward shift of the saving schedule.
Break-even quantity is a point where
a. the level of profit is maximized b. the level of cost is minimized c. Only variable costs are covered d. There are zero profits
An injunction might be used to
A. increase wages. B. increase employment. C. require labor to return to work. D. increase the demand for labor.
Firm A is a monopoly. The demand for its output is p = 90 - Q. Production is such that Q = L. Firm A hires only unionized labor. The marginal cost to the union is $10 per unit of labor. The union will sell
A) 20 units of labor at a wage of $10. B) 20 units of labor at a wage of $40. C) 20 units of labor at a wage of $50. D) 20 units of labor at a wage of $70.