An economic rent is created when
(a) organized labor pushes its members' wages above those of unorganized labor.
(b) market forces determine prices and output.
(c) businesses take market prices as given.
(d) laborers accept competitive wages.
(a)
Economics
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Comparative advantage cannot account for a significant portion of world trade
Indicate whether the statement is true or false
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Labor demand depends on the interest rate because
A) household savings depend on the interest rate. B) firms discount future profits. C) of Ricardian equivalence. D) Labor demand actually does not depend on the interest rate.
Economics