1) If the wage rate increasesA. a purely competitive producer will hire less labor but an imperfectly competitive producer will notB. an imperfectly competitive producer will hire less labor but a purely competitive producer will notC. a purely competitive and an imperfectly competitive producer will both hire less laborD. an imperfectly competitive producer may find it profitable to hire either more or less labor2) The real wage will rise if the nominal wageA. falls more rapidly than the general price levelB. increases at the same rate as labor productivityC. increases more rapidly than the general price levelD. falls at the same rate as the general price level3) Construction workers frequently sponsor political lobbying in support of greater public spending on highways and public buildings. One reason they do this is toA. restrict the supply of construction workersB. increase the elasticity of demand for construction workersC. increase the demand for construction workersD. increase the price of substitute inputs4) Paying an above-equilibrium wage rate might reduce unit labor costs byA. permitting the firm to attract lower-quality laborB. increasing the cost to workers of being fired for shirkingC. increasing voluntary worker turnoverD. increasing the supply of labor
