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An efficiency wage ____ equate the quantity demanded and quantity supplied of labor and therefore _____ be consistent with the classical economics explanation of labor markets.
a. does---would
b. does not---would
c. does--would not
d. does not---would not
The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico whose purpose is to eliminate tariffs between the countries and promote all aspects of international trade.
q.as an analyst at the treasury department you have been asked to predict the behavior of key macroeconomic variables
An open economy with a fixed exchange rate follow a money growth rule successfully if capital moved freely across its borders..
At what stage of the consumer decision process can a marketer focus on creating primary demand for a new product?
Elucidate how the market system efficiently performs the functions of communication, cordination, and motivation in the distribution of resources to consumers.
In December 1992, the federal government began requiring that all foods display information about fat content and other ingredients on food packages. The displays had to be verified by independent laboratories. The price of an evaluation of a food pr..
Adam and Eve live in the Garden of Eden and can trade only with each other. Adam is endowed with 60 units of Pleasures of the Spirit and 80 units of Pleasures of the Flesh. Eve is endowed with 40 units of Pleasures of the Spirit and 120 units of Plea..
Write down a formula that express the marginal product of labor in the short run as a function of the amount of labor used.
Suppose the consumption behavior in problem 1 changes so that C=100+0.9Y, while I remains at 50. Assume an economy without government and without trade. Suppose the Consumption function is given by C=100+0.8Y , whereas I=50.
Elucidate how many of the variable input should the firm utilize to maximize profits? Please verify. Note which in order to do this you want to utilize costs.
Which of the following items are not considered resource costs even though they are counted as income paid to persons?
Does the GDP deflator do a better job than the CPI in measuring the cost of living
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