Consider a country's labor market that is initially in equilibrium. Which of the following changes will be observed if a massive earthquake drastically reduces its total population?
a. The labor supply curve will shift to the right.
b. The labor supply curve will shift to the left.
c. The labor demand curve will shift to the left.
d. The equilibrium wage rate will decrease.
b
Economics
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"The deadweight loss of a monopoly equals the monopoly firm's profits." Do you agree or disagree? Why?
What will be an ideal response?
Economics
In terms of who employs physicians, who owns hospitals and clinics, and the role of insurance,
A. single payer systems are all private. B. single payer systems are no different than private systems. C. single payer systems are very different, depending on the country. D. single payer systems are all alike.
Economics