Comparison of the European and U.S. labor markets suggests that
A) it is relatively cheap to hire workers in the United States.
B) the U.S. labor market is more "flexible" than the European labor market.
C) job security and income equality are greater in the European labor market.
D) A and B.
E) all of the above.
E
Economics
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Consideration of the minimum efficient scale of operation would suggest that, to minimize production costs, the market should be served by a large number of small firms when the LRAC curve slopes downward over the relevant range of output
Indicate whether the statement is true or false
Economics
In 2009, the gap between foreign assets in the United States and U.S. assets abroad was
A. $3 trillion. B. $2.5 trillion. C. $4 trillion. D. $6.5 trillion.
Economics