Author Question: Supply curves are positively-sloped because of a. inefficient allocation of resources. b. the law ... (Read 45 times)

james9437 · **on:** Jul 1, 2018

Supply curves are positively-sloped because of
a. inefficient allocation of resources.
b. the law of diminishing returns.
c. economies of scale.
d. self-interested suppliers seeking economic profit.
e. all of the above.

Question 2

If on-the-job training provides general job skills:
a. the employer will never provide such training.
b. the employer will always provide such training.
c. the employer may provide such training if it increases workers' wages.
d. the employer may provide such training if workers accept a lower wage.