The measured unemployment rate tends to overstate the unemployment problem
Indicate whether the statement is true or false
FALSE
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All of the following are examples of conditional sales except which one?
A) territorial confinement B) tying arrangements C) exclusive dealing D) price discrimination
Which of the following is an example of a market?
a. a gas station b. a garage sale c. a barber shop d. All of the above are examples of markets.
What determines the correct level of input for labor in a firm?
a. Marginal resource cost is higher than marginal revenue product. b. Marginal revenue product is expected to exceed the wage. c. The average total cost of labor exceeds marginal revenue product. d. Marginal resource cost exceeds average total cost of labor.
In the arena of decision making, the choice that will automatically take place if the chooser fails to make an active decision is called the:
A. choice option. B. default option. C. processing option. D. auto option.