A firm operating in a perfectly competitive industry will continue to operate if it earns zero economic profits because it is likely to be earning positive accounting profits
a. True
b. False
Indicate whether the statement is true or false
Ans: True
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If KeKe, age 32, worked 12 hours as a paid employee the week before the Current Population Survey, KeKe is classified in the Current Population Survey as ________ when calculating the unemployment rate
A) a discouraged worker B) employed C) underemployed D) not in the labor force E) unemployed
The bottom of the supply chain contains ________ and is referred to as the ________ end of the chain.
A) finished goods; downstream B) raw materials; upstream C) finished goods; upstream D) raw materials; downstream
Organizations that survive over time
A) will never change in the future. B) are efficient. C) will be forced to become horizontal. D) are inefficient.
The federal funds market is
A. where banks borrow from the Fed. B. where thrifts borrow from the Federal Home Loan Bank Board. C. where one depository institution borrows from another. D. the source of loans for agencies of the federal government.