If Firm X is a competitive firm in the market for labor, it has little influence over the wage it pays its employees
a. True
b. False
Indicate whether the statement is true or false
True
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One of the defining characteristics of a perfectly competitive market is what type of product ?
The savings rate in an economy equals:
A) aggregate savings divided by GDP. B) GDP minus aggregate consumption. C) GDP divided by aggregate savings. D) aggregate savings multiplied by GDP.
Refer to Table 18-1. Use the information in the table to prepare a balance of payments account and find the value of the statistical discrepancy. Assume that the balance on the capital account is zero
What will be an ideal response?
If a currency is allowed to move freely until it violates economic fundamentals, that currency is said to have
A) a managed float. B) a free floating system. C) a currency board. D) a stable basket.