A study which observes whether a particular occurrence influences some outcome is referred to as a(n):
A. event study.
B. exponential study.
C. laboratory study.
D. comparative study.
Answer: A
Economics
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A decrease in the real wage rate
A) shifts the labor demand curve rightward. B) shifts the labor demand curve leftward. C) shifts the labor supply curve leftward. D) none of the above because a change in the real wage rate does not shift either the labor demand or labor supply curve.
Economics
When a country specializes and trades with other countries, it is most likely that it specializes in goods for which
A) it has a comparative advantage. B) it has an absolute advantage. C) it has no advantage. D) are very costly to produce.
Economics