Firms will hire additional workers only as long as the value of their product is less than the relevant market wage.
Answer the following statement true (T) or false (F)
False
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According to the liquidity premium theory, a steep yield curve may be an indicator of
A) expectations of a significant increase in inflation. B) an upcoming recession. C) an economic slowdown. D) lower future short-term interest rates.
The kinked demand curve model best reflects
A) mutual interdependence among sellers. B) a game theory approach to price-output decisions. C) price rigidities in oligopolistic markets. D) All of the above
The more firms are present in a market, the:
A. more competition is likely to be present. B. less competition is likely to be present. C. more like a monopoly it will behave. D. more collusion is likely to occur.
The cost of servicing the debt may increase if
A. Interest rates rise. B. Deficits become smaller. C. The debt shrinks. D. The debt is held internally.