The wage rate found by the intersection of the market demand and supply curves for labor then determines the
A) firm's demand curve for labor.
B) firm's supply curve for labor.
C) labor's supply curve of labor.
D) labor's demand curve for jobs.
Answer: B
Economics
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Suppose that the market for steel is shown in the above figure. What specific tax would result in a competitive market producing the socially optimal quantity of steel?
What will be an ideal response?
Economics
Which of the following activities create a negative externality?
A) cleaning up the sidewalk on your block B) graduating from college C) repainting the house you live in to improve its appearance D) keeping a junked car parked on your front lawn
Economics