Affirmative action laws require employers to hire specified numbers of minorities.
Answer the following statement true (T) or false (F)
False
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A form of market structure characterised by few firms, each large enough to influence market price is;
(a) Perfect Competition. (b) Monopolistic Competition. (c) Monopoly. (d) Oligopoly.
The correlated random effects approach cannot be applied to models with many time-varying explanatory variables.
Answer the following statement true (T) or false (F)
Industries in which firms have high fixed costs and low marginal costs are likely to have a:
A. large number of small firms. B. large number of large firms. C. small number of small firms. D. small number of large firms.
Suppose the average productivity of workers in Country A is equal to that of workers in Country B. If Country A has higher total efficiency units of labor than Country B, it implies that ________
A) Country B has a larger supply of workers B) Country A has a larger supply of workers C) Country B has a larger stock of capital D) Country A has a larger stock of capital