The labor market equilibrium determines the wage rate and
A) market
B) employment
C) money
D) interest
Correct Answer:
Verified
Q9: Increasing the minimum wage for workers will:
A)Sole
Q10: The price of capital is
A)money
B)Interest
C)profits
D)wages
Q11: If MRP > Price of the factor:
Q12: If MRP = Price of the factor:
Q13: If MRP < P of the factor,
Q15: Union leaders are in a worse position
Q16: The concept of social optimum was introduced
Q17: An ethical or value judgement must be
Q18: According to Kaldor-Hicks compensation criteria, the proposed
Q19: The concept of Social Welfare function was
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