Which point in the figure above is an attainable combination that would have unemployed resources?
A) point A
B) point B
C) point C
D) point D
E) point A and point B
C
Economics
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Which of the following is likely to cause an upward movement along the labor supply curve assuming all else equal?
A) An increase in the labor population B) A rise in the wage rate. C) A fall in the wage rate. D) A decrease in the labor population
Economics
Which of the following illustrates adverse selection?
a. Individuals sometimes mistakenly buy defective cameras. b. Individuals will not search for bargains for low cost items. c. Individuals know a lot about their family health history when they buy insurance. d. Individuals can choose whether to drive safely or not.
Economics