ECO 561 Final Exam: ECO 561 - If a firm in a purely competitive industry

More documents

Recommendations

Info

5) If the wage rate increases, A. a purely competitive producer will hire less labour, but an imperfectly competitive producer will not B. an imperfectly competitive producer will hire less labour, but a purely competitive producer will not C. a purely competitive and an imperfectly competitive producer will both hire less labour D. an imperfectly competitive producer may find it profitable to hire either more or less labour 6) The real wage will rise if the nominal wage A. falls more rapidly than the general price level B. increases at the same rate as labor productivity C. increases more rapidly than the general price level D. falls at the same rate as the general price level http://www.studentwhiz.com/
1 7) Construction workers frequently sponsor political lobbying in support of greater public spending on highways and public buildings. One reason they do this is to A. restrict the supply of construction workers B. increase the elasticity of demand for construction workers C. increase the demand for construction workers D. increase the price of substitute inputs 8) Paying an above-equilibrium wage rate might reduce unit labour costs by A. permitting the firm to attract lower-quality labour B. increasing the cost to workers of being fired for shirking C. increasing voluntary worker turnover D. increasing the supply of labour http://www.studentwhiz.com/
Page 1 and 2: ECO 561 Final Exam http://www.stude
Page 3: 3) In which of the following indust
Page 7 and 8: 11) Price is constant or given to t
Page 9 and 10: 15) Investing in R&D is more likely
Page 11 and 12: 19) Suppose productivity rises in a
Page 13 and 14: 23) GDP understates the value of ou
Page 15 and 16: 27) The quantity theory of money st
Page 17: About the Author Studentwhiz render

ECO 561 Final Exam: ECO 561 - If a firm in a purely competitive industry

Create successful ePaper yourself

Delete template?

Save as template?