Which of the following will lead to a decrease in the firm's short-run demand for labor?
A) an increase in the price of the final product
B) an increase in price of the final product's substitute good
C) a decline in labor productivity
D) an increase in the number of buyers for the final product
C
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The national concentration ratio
A) underestimates concentration for both the newspaper and the automobile industries. B) overestimates concentration for both the newspaper and the automobile industries. C) underestimates concentration for the newspaper industry and overestimates it for the automobile industry. D) overestimates concentration for the newspaper industry and underestimates it for the automobile industry.
A typical IMF stabilization package involves
(a) erecting barriers against foreign investment. (b) overvaluing the exchange rate. (c) liberalization of exchange controls. (d) a reduction in interest rates. (e) all of the above.