The Grangers were:
a. an organization designed to support the interests of railroads.
b. an agrarian society.
c. an abolitionist organization.
d. a society that petitioned for Prohibition.
b. an agrarian society.
Economics
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In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on
A) the intersection of labor supply and labor demand. B) the marginal productivity of capital and the marginal productivity of labor. C) labor demand alone. D) labor supply alone.
Economics
________ costs represent a firm's opportunity cost of using its own resources or those provided by its owners without a corresponding cash payment
a. Explicit b. Marginal c. Implicit d. Sunk
Economics