In recent years, the increasing relative wage of skilled labor has been mostly due to
A) a decrease in the supply of skilled labor that exceeds the decrease in demand.
B) an increase in the demand for skilled labor that exceeds the increase in supply.
C) a decrease in the supply of, and increase in the demand for, skilled labor.
D) government laws promoting the hiring of skilled labor.
E) government subsidies provided to college students.
B
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In a monetary system, people will exchange a good for
a. another good. b. a service. c. money. d. gold or other precious metals.
The U.S. antitrust enforcers determine whether a merger violates antitrust laws by examining
A. both the size of the market after the merger and the profits of the mergers. B. only the resulting change in the HHI but not the level of HHI after the merger. C. both the resulting change in the HHI and the level of post-merger HHI. D. whether the mergers are monopolies before they merge.