The market wage could be higher than the equilibrium wage if a worker
a. is a superstar.
b. belongs to a labor union.
c. has more human capital.
d. All of the above are correct.
b
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Based on the figure above, when the firm maximizes its profit, it produces ________ cans per day
A) 0 B) more than 0 and less than 5 C) 5 or more but less than 10 D) 10 E) more than 10
If the income elasticity of money demand is 3/4 and income increases 8%, by about how much does the price level change?
A) Falls by 6% B) Unchanged C) Rises by 6% D) Rises by 8%
Which of the following terms is not associated with a market having a firm whose behavior has been judged to be characteristic of the dominant firm model?
a. godfather b. price leadership c. kinked demand curve d. profit maximization e. oligopoly
When an American buys stock in a French company, from the perspective of the United States, this is a(n):
A. capital outflow. B. import. C. export. D. capital inflow.