The wage rate found by the intersection of the market demand and supply curves for labor then determines the
A) firm's demand curve for labor.
B) firm's supply curve for labor.
C) labor's supply curve of labor.
D) labor's demand curve for jobs.
B
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Keynesians believe that Select one
a. aggregate demand changes tend to induce aggregate supply changes, offsetting any effect from changes in government expenditures. b. money wage rate adjustments will quickly eliminate unemployment. c. the economy will normally operate at full employment. d. change in business confidence can affect the amount of investment in the economy.
Dalton, Georgia has developed into a leading producer of carpets, despite its small size. What is the reason for Dalton's comparative advantage in carpet production?
A) the development of superior process technology B) an abundant supply of unskilled labor C) Dalton is located near a railroad hub that it uses to transport carpet. D) external economies