Which of the Following Is NOT a Primary Determinant of the Number

question 42

Multiple Choice

Which of the following is NOT a primary determinant of the number of jobs in a nation in the long run?

• A)Age and size of the population
• B)Labor market policies
• C)Macroeconomics policies
• D)International trade

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Definitions:

Price Discriminate

The strategy of selling the same product to different customers at different prices based on what the seller believes each customer is willing to pay.

Marginal Revenue Curve

A graphical representation that shows how marginal revenue varies as output level changes, typically downward sloping for firms in competitive markets.

Demand Curve

A chart that displays how the cost of an item correlates with the amount of that item buyers are prepared to buy at different price levels.

Unregulated Monopolist

A monopoly that operates without regulatory oversight, setting prices and output levels without external control.