A firm's marginal revenue product of labor curve is also
A) its labor demand curve.
B) its marginal cost curve.
C) its total revenue line.
D) its long-run input cost function.
Answer: A
Economics
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Imports into the U.S. increased when
(a) deflation in the U.S. occurred. (b) real wages and incomes rose in the U.S. (c) the International Trade Commission was established. (d) all of the above occurred.
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The oldest theory of comparative advantage is based on:
a. factor abundance. b. productivity differences. c. product life cycles. d. preferences. e. human skills.
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