S & S Backhoe Service in Ozark, Arkansas rents backhoes and other heavy equipment to local construction companies. What determines the demand for backhoes in Arkansas?
A) The rental rate for backhoes
B) The equilibrium quantity of backhoes
C) The value of marginal product of backhoes
D) The maximum number of backhoes available to rent
C
Economics
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Outsourcing is being practiced by
A) U.S. firms that want to keep jobs at home in the United States. B) overseas firms hiring in the U.S. labor market and by U.S. firms hiring in foreign labor markets with lower wages. C) U.S. firms only. D) governments but private firms are not allowed to outsource work.
Economics
The LM statistic requires estimation of the unrestricted model only.
Answer the following statement true (T) or false (F)
Economics