In the above figure, if the real wage is $20 per hour, a labor
A) shortage will occur and the real wage will rise.
B) shortage will occur and the real wage will fall.
C) surplus will occur and the real wage will rise.
D) surplus will occur and the real wage will fall.
D
Economics
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By excluding discouraged workers from the labor force,
A. the unemployment rate would fall. B. labor productivity increases. C. the unemployment rate would rise. D. the unemployment rate stays the same.
Economics
It pays the firm to produce only if total variable costs exceed total revenue.
Answer the following statement true (T) or false (F)
Economics