The classical view of the labor market is basically consistent with the assumption of ________ aggregate supply curve.

A. a vertical (or almost vertical)
B. a downward-sloping
C. a horizontal (or almost horizontal)
D. an upward-sloping

Answer: A

Economics

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For a given level of total utility, ________

A) there is exactly one indifference curve B) there are exactly two indifference curves C) there are exactly three indifference curves D) there are exactly four indifference curves

Economics

Unpriced by-products of production or consumption that impose costs on other consumers or firms are known as

a. negative externalities b. effluent fees c. pollution rights d. positive externalities e. moral hazards

Economics