Sec 18.1 MC The Demand for Labor

《Sec 18.1 MC The Demand for Labor》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、1. Tosaythatafirmiscompetitiveinthelabormarketistosaythatthefirm a. haslittleornocontroloverthenumberofworkersithires. b. haslittleornocontroloverthewageitpaysitsworkers. c. isaggressiveinpursuingthemostskilledworkersinthelabormarket. d. isaggressiveintryingtokeepitsworkers’wageslow.ANSWER:  bDIFFI

2、CULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.008-Analyzethemarketsforthefactorsofproduction.TOPICS:  PerfectcompetitionKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  001.18.1-MC-MANK082. Tosaythatafirmiscompetitiveinthelabormarketistosaythatthefirmcanchoose a. boththewageitpaysitsworkersandthenumberofw

3、orkersithires. b. neitherthewageitpaysitsworkersnorthenumberofworkersithires. c. thewageitpaysitsworkers,butitcannotchoosehowmanyworkerstohire. d. thenumberofworkersithires,butitcannotchoosethewageitpaysitsworkers.ANSWER:  dDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.008-Analyzethemarketsforth

4、efactorsofproduction.TOPICS:  PerfectcompetitionKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  002.18.1-MC-MANK083. Becauseafirm'sdemandforafactorofproductionisderivedfromitsdecisiontosupplyagoodinthemarket,itiscalleda a. marginalproductofdemand. b. secondarydemand. c. deriveddemand. d. compensatoryde

5、mand.ANSWER:  cDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.008-Analyzethemarketsforthefactorsofproduction.TOPICS:  LabordemandKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  003.18.1-MC-MANK084. Theterm"factormarket"appliestothemarketfor a. labor. b. capital. c. land. d. Alloftheabovearecorrect.ANSWER

6、:  dDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.008-Analyzethemarketsforthefactorsofproduction.TOPICS:  FactorsofproductionCopyrightCengageLearning.PoweredbyCognero.Page 76KEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  004.18.1-MC-MANK085. Factormarketsaredifferentfromproductmarketsinanimportantw

7、aybecause a. equilibriumistheexception,andnottherule,infactormarkets. b. thedemandforafactorofproductionisaderiveddemand. c. thedemandforafactorofproductionislikelytobeupwardsloping,inviolationofthelawofdem