Which of the following will be a source of economic growth
a. an increase in inflation
b. an improvement in technology
c. a reduction in the labor force
d. an increase in JSU football touchdowns
Ans: b. an improvement in technology
Economics
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The table above shows sales of the firms in the pet food industry. What type of market is this?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
Economics
In order to hire additional laborers, a monopsony must
A) lower the supply of labor. B) raise the wage rate. C) advertise for the labor. D) do nothing.
Economics