You can think of an indifference curve as an
a. equal-cost curve.
b. equal-marginal-cost curve.
c. equal-utility curve.
d. equal-marginal-utility curve.
c
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The short run in macroeconomics is the period in which
A) prices change significantly. B) the demand curve is vertical. C) no contracts or agreements exist to fix prices. D) demand determines output.
Featherbedding refers to
A) training programs initiated by the unions to make the less-skilled workers more productive. B) attempts by management to reduce workers' interest in a union. C) the practice that forces employers to use more labor than they would otherwise. D) the amount of the union premium.
When buying a car from a dealer, to get a better bargaining position
a. Always carry your check book to show willingness to buy b. Carry only blank checks to ease the transaction c. Carry a cashier check that cannot be modified d. All of the above
If firms accused of antitrust violations sign a consent decree, they have
a. admitted guilt and accept the lawful penalties b. admitted guilt, but are relieved of any penalties by agreeing to cease the violations c. agreed to cease the alleged wrongdoing, without admitting guilt d. denied the accusation and requested a formal hearing or trial e. denied the accusation and given proof that it is untrue