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Other Fields Homework Help Economics Topic started by: Mpadilla99 on Feb 27, 2018



Title: Social regulations come about because of:
Post by: Mpadilla99 on Feb 27, 2018
Social regulations come about because of
 A) market failure
  B) government failure
  C) changes in the social contract
  D) rent-seeking by bureaucrats.

QUESTION 2

Currently, the supply curve for human organs is perfectly inelastic.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 3

Which of the following events will cause a downward movement along the value of marginal product of labor curve?
 a. An increase in wage rate
  b. An increase in price of the product
  c. A decrease in wage rate
  d. A decrease in price of the product

QUESTION 4

Examples of agency addressing social regulation include.
 A) OSHA
  B) EPA
  C) FDA
  D) all of these choices

QUESTION 5

Shortages prevail in the market for organ transplants at zero price.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 6

A competitive firm produces notebooks which sell in the market at 2 each. The firm hires 40 workers. If the market price of the notebooks increases to 3.5 each, which of the following statements is true?
 a. The firm's labor demand curve will become flatter.
  b. The firm's labor demand curve will shift outward parallel to itself.
  c. The firm's labor demand curve will shift outward parallel to itself.
  d. The firm's labor demand curve will become steeper.


Title: Social regulations come about because of:
Post by: mlee24 on Feb 27, 2018
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Title: Social regulations come about because of:
Post by: Mpadilla99 on Feb 27, 2018
Commenting just to show my support for informative posts like this, keep it up 10/10


Title: Social regulations come about because of:
Post by: mlee24 on Feb 27, 2018
That helps more than you thinks, thanks for being so thoughtful