Your boss wants to know if you should lay off any workers. You answer that you should lay off workers if the
A) marginal revenue product of labor is greater than the nominal wage rate.
B) marginal product of labor is greater than or equal to the real wage rate.
C) marginal revenue product of labor is equal to the nominal wage rate.
D) marginal product of labor is less than the real wage rate.
D
Economics
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In the figure above, with the tariff the United States imports ________ million shirts per year
A) 24 B) 8 C) 32 D) 16
Economics
The quantity theory of money assumes that
A) the velocity of money is constant. B) the velocity of money is negative. C) the velocity of money fluctuates unpredictably. D) the velocity of money is zero.
Economics