Question 46 Not yet answered Marked out of 1 \\ Flag question Which of the following is considered to be an economic resource? Select one: O a. rent O b. money O c. interest O d. capital Clear my choiceQuestion 13 Not yet answered Marked out of 1 p Flag question Paying an above-equilibrium wage rate might reduce unit labor costs by Select one: O a. permitting the firm to attract lower-quality labor. O b. increasing the opportunity cost to workers of being fired for shirking. O c. increasing voluntary worker turnover. O d. increasing the supply of labor. Clear my choiceQuestion 47 Not yet answered Marked out of 1 \\ Flag question Monopolistic competition resembles pure competition because Select one: O a. both industries emphasize nonprice competition. O b. in both instances firms will operate at the minimum point on their long-run average total cost curves. O c. both industries entail the production of differentiated products. O d. in both industries barriers to entry are either weak or nonexistent. Clear my choice