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Question
In a perfectly competitive labor market, the industry demand curve is and the industry supply curve is .
A) perfectly elastic; upward sloping
B) downward sloping; upward sloping
C) upward sloping; downward sloping
D) vertical; perfectly elastic
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Q:
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Discuss the relationship between world trade and world Gross Domestic Product (GDP) since the early 1950s.
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The United Statesʹ balance of payments is likely to improve whenA) there is an increase in political instability in other countries.B) the inflation rate in the United States rises relative to other countries.C) the American government increases its spending on foreign aid. D) American people want to invest more in foreign countries.