Which of the following shifts the short-run supply curve to the right?
A. An increase in the price level
B. An increase in the minimum wages
C. A decrease in the price of oil
D. All of these responses are correct.
Answer: C
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A shoe-store having a BOGO (buy one get one free) sale is what type of price discrimination?
A. First-degree price discrimination. B. Second-degree price discrimination. C. Third-degree price discrimination. D. It is not price discrimination.
A merger between firms at different stages of production of a good
A) was made illegal by the Sherman Act. B) was made legal by the Clayton Act. C) is a vertical merger. D) is a horizontal merger.
Critics of the U.S. definition of poverty claim it is an inaccurate measure of our poor because:
A. it is a single number that does not capture regional differences in the cost of living. B. it fails to account accurately for expenditures other than food. C. the ratio of food to total income is different now than when the definition of poverty was defined. D. All of these are true.
How would it affect the unemployment rate if the Bureau of Labor Statistics counted as unemployed both? (1) discouraged workers and? (2) people who work? part-time but would prefer to work? full-time?
What will be an ideal response?