An increase in the cost of training to acquire a skill, which must be paid by the worker,
a. increases both the supply of and demand for labor in that market
b. decreases both the supply of and demand for labor in that market
c. increases the supply of labor and decreases the demand for labor in that market
d. decreases the supply of labor and increases the demand for labor in that market
e. decreases the supply of labor only in that market
E
Economics
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When interest rates rise, the price of bonds:
(a) Increases (b) Decreases (c) Stays the same (d) can be determined.
Economics
Suppose the demand for pork is given by the equation
Q = p-0.5pc0.2 where pc is the price of chicken. Compute the cross-price elasticity of demand for pork
Economics