The number of part-time workers for economic reasons ________ during recessions and the number of part-time workers for noneconomic reasons ________ during recessions
A) increases; increases
B) increases; decreases
C) increases; does not change
D) does not change; does not change
E) decreases; increases
C
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Say's law implies that
A) surpluses never occur. B) there will always be unemployment. C) surpluses or shortages are possible, but only for a short time. D) shortages never occur.
Assuming mustard and burgers are complements, a decline in the price of burgers will
A) decrease the demand for burgers. B) decrease in the quantity demanded of burgers. C) increase the demand for mustard. D) decrease the demand for mustard.
If both the marginal cost and the average variable cost curves are U-shaped, at the minimum point of the average total cost curve, the marginal cost curve must be: a. greater than average variable cost. b. less than average variable cost
c. equal to average variable cost. d. at its minimum.
Unproductive actions designed to increase income or wealth are known as:
a. transfer payments. b. incorporation. c. profit seeking. d. income search. e. rent seeking.