Law of noncontradiction
Explain a personal daily struggle that is an example of the law of noncontradiction and the challenges posed to your beliefs and decisions.
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Does it then make sense for people with high abilities to go to small firms? Give some reasons why and some reasons why not.
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Assume that the price of a substitute resource increases, other things constant. What happens to demand for labor? What are the new equilibrium wage rate and level of employment? What happens to the amount of economic rent?
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