Which of the following is likely to cause a fall in the wage rate and an increase in the number of workers hired in a local cotton mill?
A) A reduction in wage paid in a nearby jute mill
B) The introduction of labor-saving technology in the mill
C) The introduction of labor-complementary technology in the mill
D) A decrease in the population of the region in which the cotton mill is located
Question 2
Which of the following is an example of a monopolistically competitive market?
A) The market for wheat
B) The market for coffee beans
C) The market for shampoo
D) The market for premium cars
The ozone hole in September, 2003. Even as scientists verified that the rate of ozone depletion was
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