In equilibrium, the quantity of labor demanded is ________ the quantity of labor supplied.
A) less than B) equal to
C) greater than D) the primary determinant of
Question 2
Suppose we claim that the rapid economic growth in Barylia can be attributed to the culture hypothesis. Which of the following statements is most likely to be concluded from this claim?
A) Barylia must have large stocks of productive natural resources.
B) Institutions in Barylia must have been inclusive.
C) Barylia must have a huge stock of physical capital.
D) The local people in Barylia must be socially inclined to work hard.
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