Which of the following would be an example of capital deepening?
(A) Laying off employees when a factory is modernized.
(B) Moving a manufacturing plant overseas where labor costs are lower.
(C) Paying for an employee to take college courses.
(D) Permitting two workers to share one job.
Ans: (C) Paying for an employee to take college courses.
Economics
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In a monopsony labor market, a minimum wage set equal to the competitive market equilibrium wage rate can ________ the wage rate and ________ employment
A) raise; increase B) raise; decrease C) lower; increase D) lower; decrease
Economics
The MR curve of a monopolist is
A) downward sloping and below the demand curve. B) downsloping and identical to the demand curve. C) downsloping and above the demand curve. D) horizontal and same as the market demand curve.
Economics