Generally speaking, the more competitive a country's markets are, the greater are the opportunities for corruption
a. True
b. False
Indicate whether the statement is true or false
False
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Country A has a lower stock of capital than Country B, but the supply of labor in both the countries is equal
A) An additional unit of capital will increase output in Country A only if there is an increase in the total efficiency units of labor. B) The increase in output due an additional unit of capital will be larger in Country A than in Country B. C) The increase in output due an additional unit of capital will be smaller in Country A than in Country B. D) An additional unit of capital will increase output in Country B only if there is an increase in the total efficiency units of labor.
A stated goal of a minimum wage is to
A) increase government tax revenue. B) stabilize production costs. C) boost the incomes of low-wage earners. D) decrease business profits. E) increase business profits by making the labor market more efficient.