If capital per hour of labor increases, real GDP per hour of labor
A) decreases for a given level of technology.
B) increases because the level of technology increases.
C) increases for a given level of technology.
D) decreases because the level of technology decreases.
C
Economics
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Sellers in which of the following market structures are likely to have the highest market power?
A) Monopoly B) Oligopoly C) Perfect competition D) Monopolistic competition
Economics
Holding other things constant, a decrease in the inflation rate in the US compared to the Canadian economy may cause the demand for dollar to _____________ and the supply for dollar to __________
a. Increase; decrease b. Increase, increase c. Decrease; Increase d. Decrease; Decrease
Economics