The inability of labor-force participants to find jobs is known as:
A. Full employment.
B. Unemployment.
C. Cyclical employment.
D. Underemployment
B. Unemployment.
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Which of the following does not cause the money demand curve to shift?
A) a change in the interest rate B) a change in the price level C) a change in transfer costs D) a change in real GDP
A government-inhibited good is one that
A. would be underproduced by the private market. B. cannot be individually consumed. C. should be subsidized to correct the market failure and productive inefficiency. D. has been deemed socially undesirable via the political process.
What is the World Bank? Explain its primary purpose.
What will be an ideal response?
In order to effectively price discriminate, one requirement is that a seller must be able to:
A. identify customers with different reservation prices. B. reduce costs when producing the discounted item. C. resell the product. D. avoid detection because price discrimination is illegal.