The labor market is in equilibrium when:

a. the demand curve lies above the supply curve.
b. both demand and supply curves are positively sloped.
c. both demand and supply curves are negatively sloped.
d. the demand curve intersects the supply curve.
e. the demand curve is negatively sloped but the supply curve is positively sloped.

d

Economics

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An economy with only a domestic sector is called:

A) a mixed economy. B) an open economy. C) a closed economy. D) a command economy.

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Repeated games are conducive to

A) explicit cooperation. B) tacit cooperation. C) corruption. D) failing to have a Nash equilibrium.

Economics