If a union negotiates a wage above the market equilibrium, each firm's
a. supply of labor is greater than its marginal resource cost
b. supply of labor is less than its marginal resource cost
c. supply of labor is equal to its marginal resource cost
d. demand for labor is less than its marginal resource cost
e. demand for labor is greater than its marginal resource cost
Question 2
Absolute advantage
a. is the same as comparative advantage
b. implies autarky
c. means that countries of the same size have the same opportunity cost of producing both goods
d. means that a country can produce more of two goods than another country can
e. means that a country can produce less of two goods than another country can
A comparison of gradualism and punctuated equilibrium.
Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Efficient Allocation of Labor between Sectors
Effect of Shifting Labor into R&D
Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene