« previous next »

Author Question: At high wage rates, the labor supply curve bends backward because the ________ effect dominates the ... (Read 79 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
At high wage rates, the labor supply curve bends backward because the ________ effect dominates the ________ effect.
 
  A) income; price
  B) substitution; income
  C) substitution; price
  D) income; substitution

Question 2

The Sherman Act makes it illegal to
 
  A) increase market share.
  B) merge firms in the same industry.
  C) attempt to monopolize an industry.
  D) price below competitors.


cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

(c) snow in Nunavut, alter the local albedo, causing altered microclimates. High albedos are found (c) snow in Nunavut, alter the local albedo, causing altered microclimates. High albedos are found
Areas of differing productivity and diversity in a wetland. (a) Typha dominates core habitats, while Areas of differing productivity and diversity in a wetland. (a) Typha dominates core habitats, while
Modern primate study sometimes involves high-tech methods. This golden lion tamarin is having a batt Modern primate study sometimes involves high-tech methods. This golden lion tamarin is having a batt
Rates of Car Injuries and Fatalities by Age Rates of Car Injuries and Fatalities by Age
The pH scale is logarithmic. A low pH indicates acidic conditions, whereas a high pH indicates ... The pH scale is logarithmic. A low pH indicates acidic conditions, whereas a high pH indicates ...
Effect of a Tax Effect of a Tax
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library