If the supply curve of labor shifts to the left, we know for certain that
a. technology has improved
b. a higher wage rate must be offered to employ the same number of workers that were employed before the shift in the curve occurred
c. any quantity of workers can be hired at the same wage
d. the MRP has decreased
e. the MRP has increased
B
Economics
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The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, and Sworld represents the world supply curve. If imported rice is banned, the consumption distortion loss is equal to
A) a + b + c + d. B) a + b + c + d + f + g. C) f + g. D) a + c + f + g.
Economics
When would you use a one-tailed rather than a two-tailed t-test when checking significance levels?
What will be an ideal response?
Economics