All of the following shift the labor demand curve EXCEPT changes in
A) fringe benefits offered to employees.
B) the demand for the final product.
C) labor productivity.
D) prices of related factors.
Answer: A
Economics
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Which markets are depicted in the basic circular flow model?
A) the factor market and the bond market B) the stock market and the bond market C) the money market and the foreign exchange market D) the goods market and the stock market E) the goods market and the factor market
Economics
In a competitive market economy, a resource in short supply will be allocated
a. so that each firm gets enough to keep producing some portion of its output. b. according to how much each firm purchased before the shortage. c. to those firms that can make the most profitable use of it. d. by government regulation.
Economics