The supply curve of labor facing an employer in a perfectly competitive labor market is
a. upward sloping
b. downward sloping
c. horizontal
d. greater than MLC
e. the MRP curve
C
Economics
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To pay for a current account deficit, a country can
A) borrow money from abroad. B) lend money abroad. C) increase official reserves to cover the shortfall. D) transfer money from the capital account to the official settlements account.
Economics
If a firm in a competitive price-searcher market raises its price, it will
a. lose all of its sales. b. increase its sales. c. lose only some of its sales. d. have to go out of business.
Economics