If the graph shown is displaying a competitive market and the market is currently offering a wage more than P*:
A. firms would have a hard time finding workers.
B. there would not be unemployment in the market.
C. equilibrium would be achieved.
D. there would be a surplus of workers who want to work at that wage.
Answer: D
Economics
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According to the book, four disciplines are particularly applicable to management. Which of the following was not listed as a main influence?
a. Humanities b. Psychology c. Sociology d. Economics
Economics
Refer to the below information and table. How much of the farmland will be rented?
Suppose that the quantity of a certain type of farmland available is 400,000 acres, and the demand for this land is given in the table below.
A. 200,000 acres
B. 300,000 acres
C. 400,000 acres
D. 500,000 acres
Economics