Worker mobility is the:
A. demand for labor in different industries and firms.
B. way to end globalization.
C. process of increasing the size of the working-age population.
D. movement of workers between job, firms, and industries.
Answer: D
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Costly actions that a firm undertakes to gain monopoly status are called
a. monopolization. b. rent-seeking activity. c. monopoly-profit seeking. d. collusion.
Which of the following is not a reason why government may play a key role in the early stage of economic development in developing nations?
A. The infrastructure provided by government B. The abundance of entrepreneurs who need to be regulated C. The need to encourage saving and investment in the economy D. The provision of law and order so that commerce can flourish
Define the quantity demanded of a good or service
What will be an ideal response?
Which of the following statements best describes the U.S. labor force since World War II?
a. Total employment grew, but the labor force participation rate fell. b. Total employment grew, and so did the labor force participation rate. c. Total employment grew, but the labor force participation rate remained unchanged. d. Total employment remained constant, but the labor force participation rate fell. e. Total employment remained constant, but the labor force participation rate rose.