All of the following shift an industry's labor supply curve EXCEPT changes in
A) market wages offered in other industries.
B) the demand for the final product.
C) job flexibility.
D) working conditions.
Answer: B
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The phrase "smart for one, but dumb for all" refers to the idea that the individual pursuit of self-interest:
A. never leads to an efficient outcome. B. doesn't always lead to an efficient outcome. C. always leads to an efficient outcome. D. only leads to an efficient outcome when everyone is well-informed.
The primary characteristic of a public good is that it is nonrivalrous in consumption.
Answer the following statement true (T) or false (F)
The life-cycle hypothesis was developed in the 1950s, primarily by the economist
A) Franco Modigliani. B) Robert Lucas. C) Walter Rostow. D) Nils Hellstrom.
Under Roosevelt's definition, poverty has remained about the same since 1936
Indicate whether the statement is true or false