In the efficiency wage model with the efficiency wage above the market-clearing wage, when employment is at its full-employment level
A) labor supply equals labor demand.
B) there is an excess supply of labor.
C) there is an excess demand for labor.
D) there could be either an excess demand for, or an excess supply of, labor.
B
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The influence of agricultural technologies on farm land in the United States has been
a. very little up until now. b. substantial, as greater productivity per acre reduced the need for farmland. c. substantial; the productivity of much farm land has been destroyed by new technologies and may never be useful again. d. to make farmland less productive over time as the minerals In the soil are used up.
A relationship between two variables in which one variable increases at the same time that the other increases is called
A) nonlinear. B) constant. C) inverse. D) direct.