Other things being equal, the wages of clerical workers would tend to decrease if there was an increase in:
A. The marginal revenue product of clerical workers
B. The minimum entry requirements for clerical work
C. The period of training required for clerical work
D. Nonmonetary benefits available to clerical workers
D. Nonmonetary benefits available to clerical workers
Economics
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The market for control of corporations serves to
A) create moral hazard. B) address the principal-agent problem. C) add to economies of scale. D) address the problem of adverse selection.
Economics
Whenever indifference curves have kinks, marginal willingness to pay curves have horizontal "flat spots".
Answer the following statement true (T) or false (F)
Economics