Use the following labor market diagrams to answer the next question.
The tactics of inclusive unionism are shown in figure(s)
A. 5 only.
B. 3 only.
C. 4 only.
D. 1 and 2.
Answer: C
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Your college has three meal plans. One is for 21 meals a week, another for 14 and a third offers only 7. You don't know the price yet but you are certain the 21 would be best. However, your second choice would be to take only the 7 meal plan and if you had to pick a third choice it would be the 14 meal plan. This preference pattern doesn't fit the indifference curve assumption of
A. convexity. B. completeness. C. transitivity. D. none of these because it does not violate any of the assumptions.
A black market
A. was created when after hours trading was permitted on some stock exchanges. B. is a market where products with outdated expiration dates are sold. C. can arise when government imposes a price floor below the market clearing price. D. can arise when government imposes a price ceiling below the market clearing price.
Looking forward into the future, the rate of growth of the working age population is expected to
A. remain steady. B. slow down considerably. C. increase dramatically. D. become negative.
Demand for a good which comprises a relatively small share of the consumer's budget tends to be
A. perfectly inelastic. B. perfectly elastic. C. elastic. D. inelastic.