Claire works fifteen hours a week at a dry cleaning shop. Dustin is retired and living in a retirement home. Who is officially "unemployed"?
A) Claire
B) Dustin
C) Claire and Dustin
D) neither Claire nor Dustin
D
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If a firm can increase its sales only by lowering its price, then
A) the firm is a price searcher. B) the firm's marginal revenue will be less than price. C) the demand curve for the firm's product is negatively sloped. D) all of the above are true.
Entrepreneurship
What will be an ideal response?
In a perfectly competitive industry, the industry demand curve
A) must be horizontal. B) must be vertical. C) is upward sloping. D) is downward sloping.
Which of the following contributed to the increase in household and wealth inequalities in the U.S?
A. A decrease in jobs performed by intellectually-challenging labor B. An increase in service-sector jobs C. An increase in the participation of women in the labor force D. A decline of union-represented manufacturing employees