Wage differentials between occupations can be explained by all of the following except
A) the relative differences between demand and supply in various occupations
B) the fact that some occupations are more desirable than others.
C) the market power of different employers.
D) the fact that some occupations require higher levels of human capital than others.
C
Economics
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Which economists believe that fiscal policy is effective, while monetary policy may be ineffective?
a) Monetarists b) Keynesians c) Classical economists d) Fisherites
Economics
Suppose a firm has an output of 10,000 cans and a total fixed cost of $2,000 . At an output of 5,000 the difference between the total cost and the total variable cost is
a. 5000 cans b. $0.40 c. the average fixed cost d. $2,000 e. $0.20
Economics