The equilibrium wage and quantity of labor in the market for skilled workers is determined by
A) the demand and supply of labor.
B) the strength of labor unions.
C) the market value created by the output of these skilled workers.
D) the monopsony power of firms.
A
Economics
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Which of the following is NOT a contingency theory of leadership?
a. path-goal model b. life cycle model c. vroom-yetton model d. erg model
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. The mid-point method of calculating elasticity is typically used because:
A. it is easier to calculate. B. it is universally understood by all economists. C. the negative sign can then be ignored. D. it is a consistent way to estimate the elasticity of demand between two points on a demand curve, regardless of the direction of the movement.
Economics