In the article "Walmart Shutters Quebec Store as Union Closes In," the company argued all of the following except
A. It is not profitable to hire 30 additional workers at an already unprofitable store.
B. Unions demanded higher labor costs that would make the store unprofitable.
C. Unions impose inefficient work rules.
D. The store would be the only unionized Walmart store.
Answer: D
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A stock with a price-earnings ratio of 11.2 means that the stock is selling for a closing share price that is 11.2 times its latest available net earnings per share.
Answer the following statement true (T) or false (F)
The price fluctuations in the U.S. economy suggest that recessions cause lower unemployment and higher inflation
a. True b. False Indicate whether the statement is true or false
For a horizontal demand curve,
a. the slope is undefined, and the price elasticity of demand is equal to 0. b. the slope is equal to 0, and the price elasticity of demand is undefined. c. both the slope and price elasticity of demand are undefined. d. both the slope and price elasticity of demand are equal to 0.
After getting a raise at work, Jasper now regularly buys steak instead of chicken. Which factor of demand has influenced Jasper's demand for steak?
A. Price of a substitute good B. Price of a complementary good C. Income D. Preferences