The supply of labor is defined as the relationship between the real wage rate and the
A) amount of jobs supplied by firms.
B) quantity of labor supplied by households.
C) quantity of labor supplied by firms.
D) amount of jobs supplied by households.
E) equilibrium quantity of employment.
B
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The firm in the figure above has a total revenue equal to ________
A) $5.10 × 10 B) $8.00 × 10 C) ($5.10 - $8.00 ) × 10 D) ($8.00 - $5.10 ) × 10 E) None of the above answers is correct because more information is needed.
GDP is defined as the market value of all ________ in a given time period
A) final goods produced in a country B) final goods and services produced by citizens of a particular country regardless of where in the world they are located C) final goods and services produced in a country by only the citizens of the country D) final goods and services produced in a country