Author Question: Lois sells ten sweaters she had knitted to a retail store. The gross domestic product (GDP) of her ... (Read 87 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
Lois sells ten sweaters she had knitted to a retail store. The gross domestic product (GDP) of her country _____.
 a. will increase
 b. will decrease
 c. will remain unaffected
 d. will increase only if the sweaters are as good as the sweaters sold by other retailers
  e. will increase if the price of each sweater is less than the cost of inputs required

Question 2

As compared to a firm that competes for labor, a monopsony will:
 a. hire fewer workers and pay lower wages.
  b. hire fewer workers by pay higher wages.
  c. pay lower wages but hire more workers.
  d. pay higher wages and hire more workers.



Carliemb17

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

a

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Everyone has one nostril that is larger than the other.

For a complete list of videos, visit our video library