The quantity of labor supplied is determined by the:

A. opportunity cost of providing labor.
B. marginal product of labor.
C. number of firms.
D. technology.

Answer: A

Economics

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The primary purpose of patents and copyrights is to

A) protect firms from being taken advantage of by competing firms. B) protect domestic firms from foreign competition. C) provide owners with large profit forever. D) encourage the expenditure of funds on research and development to create new products.

Economics

If workers do not believe that policymakers are serious about fighting inflation, they are most likely to push for higher wages, which will ________ aggregate ________ and lead to unemployment or inflation or both, everything else held constant

A) decrease; demand B) increase; demand C) decrease; supply D) increase; supply

Economics