The table above gives information about the labor market in Lantis, a community in which the labor market is perfectly competitive. The equilibrium wage rate is ________ an hour and the quantity of labor employed is ________ hours per day

A) $5; 600
B) $25; 200
C) $15; 400
D) None of the above answers is correct.

C

Economics

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According to your textbook, the benefits of civilization are heavily dependent on

A) accurate numerical estimates by government officials of available resources and of basic consumption requirements. B) agreement among the members of society on the best means for achieving their goals. C) agreement among the members of society on the goals to be pursued. D) government planning for long-run economic growth. E) the ability to induce other people to cooperate.

Economics

Describe the three types of unemployment?

What will be an ideal response?

Economics