An implication of the fact that the labor market is perfectly competitive is that:
A) there is always some unemployment.
B) the labor demand curve is upward sloping and the labor supply curve is downward sloping.
C) the quantity of labor demanded always exceeds the quantity of labor supplied.
D) a worker willing to work at the equilibrium wage rate can instantly find work.
D
Economics
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The indirect channel of finance runs through ________, where securities ________ purchased by the savers themselves
A) financial markets, are B) financial markets, are not C) financial intermediaries, are D) financial intermediaries, are not
Economics
Each of the following contributes to income inequality except:
A. differences in ability and training. B. differences in job tastes. C. differences in wealth ownership. D. government transfers.
Economics