A person who previously had a full-time job has been paroled from prison and has applied for a job is considered
A) a reentrant.
B) a job loser.
C) a new entrant.
D) not in the labor force.
A
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The long-run supply curve in a competitive market is more elastic than the short-run supply curve
a. True b. False Indicate whether the statement is true or false
What factor has the greatest influence on elasticity and inelasticity of supply?
a. profit b. labor c. time d. financing
In a common-value setting
a. Oral auctions tend to return higher prices
b. Sealed bid auctions tend to return higher prices
c. Vickery auctions tend to return higher prices
d. Rotating bid auctions tend to return higher prices
Suppose there are two parallel highways between two cities with approximately equal traffic. What would you expect to happen if the state began charging tolls to drive on one of those highways?
A. More drivers would drive on the toll road making the non-toll road less congested. B. More drivers would drive on the non-toll road, making the toll road less congested. C. Traffic would remain evenly divided between the two roads as drivers continuously sought the less-congested route. D. Traffic would decrease on both roads.