If the demand for labor increases
I. employment increases.
II. the real wage rate increases.
A) Only I is correct.
B) Only II is correct.
C) Both I and II are correct.
D) Neither I nor II is correct.
C
Economics
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Entrepreneurs are people who
A) accept ultimate responsibility for the projects they undertake. B) are hired by others to manage business enterprises. C) are hired by others to organize business enterprises. D) own the resources used in the production process. E) prefer a small chance for a large profit to a large chance for a small profit.
Economics
The size of a firm relative to the size of the market can be referred to as
A) an economic profit guarantee B) a marginal profit factor C) core competency D) economies of scale
Economics