If an excess quantity of labor demanded exists in a free market, there is a tendency for
A. quantity demanded to fall.
B. quantity supplied to rise.
C. the wage rate to fall.
D. the wage rate to rise.
Answer: D
Economics
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Suppose the nominal interest rate is 1% and the rate of inflation is 3%. The real interest rate is therefore
A) -2%. B) 2%. C) 4%. D) 5%.
Economics
An example of organizational architecture based on production of intermediate products is when divisions are defined as
a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers
Economics