A firm's demand for labor curve is also called its
A) marginal revenue product of labor curve. B) marginal benefit of labor curve.
C) marginal factor cost of labor curve. D) marginal valuation curve.
A
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If the quality of a good deteriorates from one year to the next while its price remains the same, then the value of a dollar falls
a. True b. False Indicate whether the statement is true or false
Before entering the debate of whether or not access to medical care is a right, it is important to distinguish between a negative right and a positive right. Which of the following statements is true?
a. Positive rights are freedom-preserving rights; they are enumerated in the U.S. Constitution. b. Negative rights are resource-extracting rights. They require taking resources from one person in order for someone else to receive them. c. Coercion of some kind is essential to guarantee a negative right. d. Entitlements such as Medicare and Medicaid are examples of negative rights. e. Consider the following situation: Peter has no money. In order for Peter to exercise his right to medical care, the law requires that Paul pay for it. This is an example of medical care as a positive right.