Those that work part-time and do not desire full-time employment are referred to as
A. Employed.
B. The phantom unemployed.
C. Discouraged workers.
D. Underemployed.
Answer: A
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When a student uses a credit card to buy an iPod, the student is
A) borrowing in the bond market. B) borrowing in the loan market. C) lending in the stock market. D) lending in the bond market. E) lending in the loan market.
"Trade is generally harmful if there are large disparities between countries in wages."
A) This is generally true. B) This is generally false. C) Trade theory has nothing to say about this issue. D) This is true if the trade partner ignores child labor laws. E) This is true if the trade partner uses prison labor.
Which set of actions will help three oligopolistic firms to achieve joint profit maximization?
a. They decide not to cooperate, and each pursues its individual self-interest. b. They decide to collude and to trust each other not to defect from the agreement. c. They sign a cartel agreement, and then each firm cheats on it. d. They choose a dominant firm, and then they take turns being the price leader.
In order to understand a particular graph, it is important to know:
A.) The total number of squares in the grid. B.) Which variable is on the vertical axis and which is on the horizontal axis. C.) Where a point on the graph is. D.) Where the maximum quantity is.