The labor market is in equilibrium whenever
A) the nominal wage rate is decreasing.
B) the nominal wage rate is increasing.
C) the nominal wage rate is not changing.
D) the real wage rate is increasing.
E) the quantity of labor demanded equals the quantity of labor supplied.
E
Economics
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The situation where women tend crops and raise children while men hunt is often found in a
a. mixed economy b. market economy c. command economy d. traditional economy
Economics
Which of the following does not hold true for a perfectly competitive firm in long-run equilibrium?
A) Marginal cost will be minimized. B) It will minimize average total cost. C) Its economic profit will be zero. D) It will charge a price equal to marginal cost.
Economics