The wage elasticity of labor demand is always negative.
Answer the following statement true (T) or false (F)
True
Rationale: Firm labor demand always slopes down -- implying a negative wage elasticity of labor demand.
Economics
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Which of the following constitutes inflation?
A. an increase in medical care costs B. a one time increase in average level of prices C. an increase in the market interest rate D. a sustained increase in the average level of prices
Economics
For a person to have a comparative advantage in producing a product, she must be able to produce that product at a lower opportunity cost than her competitors
Indicate whether the statement is true or false
Economics