Quotas are generally against the law and are only used when mandated by a court to remedy long-standing discrimination by a particular entity
Indicate whether the statement is true or false
TRUE
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The table above shows the total product schedule for Rick's Lawn Service, a yard care company. Decreasing marginal returns start to occur after the ________ worker is hired
A) first B) fourth C) fifth D) sixth E) third
What causes an economy to produce a level of output which lies inside the production set?
If the public correctly perceives that the central bank will reduce inflation, then
a. the short-run Phillips curve shifts right, and unemployment will rise by more than otherwise. b. the short-run Phillips curve shifts right, and unemployment will rise by less than otherwise. c. the short-run Phillips curve shifts left, and unemployment will rise by more than otherwise. d. the short-run Phillips curve shifts left, and unemployment will rise by less than otherwise.
When the market for a good is in equilibrium,
What will be an ideal response?