Countries in Which Wages Adjust Slowly to Changes in the Supply

question 57

Multiple Choice

Countries in which wages adjust slowly to changes in the supply of and demand for labour are likely to have ________ sacrifice ratio.

• A)an infinite
• B)a high
• C)a low
• D)a zero

Understand the entry and exit conditions in a perfectly competitive market.

Comprehend the relationship between marginal revenue, marginal cost, and profit maximization in perfect competition.

Acknowledge the absence of advertising rivalry and brand differentiation in perfectly competitive markets.

Understand the distinction between acute stress disorder and posttraumatic stress disorder.