A rightward shift of the labor demand curve during a recession due to a government policy leads to ________ if wages are flexible
A) a fall in prices B) a decrease in real wages
C) a fall in interest rates D) an increase in employment
D
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The four largest firms in an industry account for the following value of industry sales: 12 percent, 8 percent, 5 percent and 4 percent. Calculate the four-firm concentration ratio. Would this industry be regarded as competitive or concentrated?
What will be an ideal response?
The ________ approach is a method of calculating GDP by adding up all payments to owners of resources used to produce output during the year
a. expenditure b. income c. double counting d. investment
Considering state chartered banks:
A. most elect not to join the system. B. those with assets exceeding $100 million must join the Federal Reserve System. C. most elect to join the Federal Reserve System. D. only those that join the system must abide by reserve requirements.
We can say that output has definitely been expanded too far when we reach the point of
A. increasing returns. B. diminishing returns. C. negative returns.