When workers boycott a company because it does business with a firm whose employees are on strike, that is a
A) secondary boycott.
B) primary boycott.
C) strike.
D) sympathy strike.
A
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Suppose MPL = 0.5 ? (q/L) and MPK = 0.5 ? (q/K). In the long run, the firm will hire equal amounts of capital and labor
A) all of the time. B) only when w = r. C) only when w = 0.5 ? r. D) at no point in time.
Which of the following is likely to increase the exchange rate of Yen to euros (¥/€)?
A) an increase in investment opportunities in the U.S. B) a decrease in investment opportunities in the eurozone C) an increase in demand for European goods in Japan D) a decrease in demand for European goods in Japan
Big Health is a large health care insurance provider and offers two types of policies. Policy A has an annual price of $1,000 and a co-pay of $20 (the fee that the policy owner pays when seen by a doctor) and Policy B has an annual price of $500 and a co-pay of $50. Individuals will ________ when they choose a policy and Policy ________ will appeal to healthy individuals who do not plan on
needing extensive health care. A) self-reveal; A B) signal; A C) self-reveal; B D) signal; B
Explain how the short-run supply curve of the competitive firm is derived.
What will be an ideal response?