Assume that movement from point A to point B represents a 15 percent change in the price of goods and services. What would be the corresponding change in the price of inputs?

A draft system, whether in professional sports or the military, enables the people who are hiring to avoid paying their employees

A) a living wage. B) the true value of their labor. C) what others are willing to pay them. D) what they want to be paid.

A market with the characteristics of many firms selling an identical product, many buyers, and no restrictions on entry or exit to the market is

A) a monopoly market. B) an oligopolistic market. C) a perfectly competitive market. D) a monopolistically competitive market.