2008-12-24_071123_Dmae2 - 1. Which of the following could...

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1. Which of the following could decrease labor demand? A. an increase in migrant workers. B. a decrease in demand for the final product produced by labor . C. a decrease in labor supply. D. an increase in the marginal productivity of workers. 2. Markets that are characterized by a few sellers who sell similar or identical products are typically referred to as A. aggressive markets B. oligopoly markets C. monopoly markets D. competitive markets 3. For a perfectly competitive firm to maximize profit, any rise in the market wage must be A. offset by a decrease in the value of marginal product. B. followed by a increase in employment. C. followed by a decrease in the marginal product of labor. D. followed by an increase in the marginal product of labor. 4.When a profit maximizing firm makes a decision to employ a worker, that decision is based on A. the individual contribution thet the worker makes to the profit of the firm . B. how much output the worker can produce. C. the familial relationship between the employer and the employee. D. the total output produced by the firm. 5. When the number of firms in a market is small, firms A. generally organize as a cartel. B. are less concerned about competitor's behavior, since there's always sufficient demand to keep all firms happy. C. are guaranteed an economic profit. D. must generally consider how competing firms respond to their decisions. 6. Which of the following statements is correct? A. over time, government has been less lenient toward advertising in order to enhance the ability of markets to allocateenuerev resources efficiently. B. over time, government has been more lenient toward
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2008-12-24_071123_Dmae2 - 1. Which of the following could...

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