An increase in the supply of labor generates
A) increased unemployment.
B) lower wages.
C) an offsetting increase in the demand for labor.
D) a decrease in the quantity demanded of labor.
Answer: B
Economics
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The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, at the equilibrium quantity, the marginal private benefit is
A) zero. B) $14,000. C) $19,000. D) $16,000.
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Adverse selection is a situation in which one party to an economic transaction has less information than the other party
Indicate whether the statement is true or false
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