As the baby boomers retire what happens in the labor market?

A. increases labor supply.
B. decreases labor supply.
C. decreases labor demand.
D. increases labor demand.

Answer: B

Economics

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Independent firms that together can exploit economies of scale are referred to as a

A) T-form of organization. B) M-form of organization. C) network. D) weak alliance (the matrix).

Economics

The theory of purchasing power parity says:

A. the real exchange rate is always less than one. B. the dollar price of a basket of goods in the U.S. should equal the yen price of a basket of goods in Japan. C. a dollar should buy the same goods no matter where in the world you go. D. the real exchange rate is always greater than one.

Economics