Decreases in the demand curve for labor may arise from ____ in labor productivity or from ____ in the price of the good.
a. increases; increases.
b. increases; decreases.
c. decreases; increases.
d. decreases; decreases.
Question 2
Coal producers cannot profit by acting opportunistically toward U.S. Steel because:
a. there is a wide range of coal producers and substitution possibilities are high.
b. coal is a highly specific resource and trades at competitive prices.
c. the company usually enters into a delivery contract to obtain coal.
d. the market for coal is thin.
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