The McKinley Tariff of 1890 marked the beginning of the American move toward free trade
Indicate whether the statement is true or false
False
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The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.Number ofEmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The total labor cost with 4 employees is:
A. $22,000. B. $38,000. C. $43,121. D. $21,500.
The typical relationship between inflation and unemployment is
A) unemployment changes do not directly lead to changes in inflation, but inflation changes may cause changes in unemployment. B) as unemployment falls, inflation increases. C) as unemployment falls, nothing happens to inflation. D) as unemployment falls, inflation falls.
It is a common mistake to confuse the slope of the supply curve with its elasticity.
Select whether the statement is true or false. A. True B. False
Explain how businesses decide how much labor to hire in order to produce a certain level of output
What will be an ideal response?