As the wage rate falls, other things constant, perfectly competitive firms will employ
A. the same number of workers.
B. more capital.
C. fewer workers.
D. more workers.
Answer: D
Economics
You might also like to view...
Explain the modified version of utilitarianism proposed in the book entitled "A Theory of Justice," by the philosopher John Rawls and its relationship to the "big tradeoff."
What will be an ideal response?
Economics
The World Bank was created as a result of the Bretton Woods conference and was originally focused on the reconstruction of Europe after World War II
Indicate whether the statement is true or false
Economics