Wage rates in other markets are assumed constant along the labor supply curve for a particular labor market

Why is using coins as money easier than using bars of gold?

a. coins are more durable b. coins are more portable c. coins are more uniform d. coins are more limited in supply

Which of the following correctly describes the relationship between economic efficiency and economic equity?

A) There is often a trade-off between the two. B) There is no conflict between the two goals. C) They always call for opposite outcomes. D) They are both automatically achieved in a free market economy.