Which of the following events would lead to an increase in the supply of labor?
a. The price of a firm's product increases.
b. A country experiences an increase in immigrant labor.
c. The development of a new labor-augmenting technology.
d. All of the above are correct.
b
Economics
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Who wrote, "People of the same trade seldom meet together, but the conversation ends in a conspiracy against the public, or in some diversion to raise prices."?
a. Thomas Jefferson b. Adam Smith c. Bill Gates d. Robert Axelrod
Economics
Which of the following is not a way in which monopolies fight real-world competition?
A. Advertising B. Charging a very high price for their products C. Lobbying D. Producing products that are difficult to copy
Economics