Which of the following is a short run adjustment?
a. A bakery hiring two additional bakers
b. Two new firms enter the textile industry.
c. Three firms leave the bicycle industry.
d. A computer hardware company builds a new factory.
a
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If total explicit costs are equal to total implicit costs, then economic profit is zero
Indicate whether the statement is true or false
Which of the following would constitute the strongest evidence of employment discrimination against female employees?
a. The average wage of female workers is lower than the average wage of males. b. The average wage of female employees is lower than the average wage of males with similar productive characteristics. c. The mean number of years of schooling of female workers is lower than that of males. d. The average hours worked by female employees is less than the average hours worked by males.
Ida May Fuller was the first
A. person enrolled in a 401(k) retirement plan. B. director of the Social Security Administration. C. recipient of a Social Security check. D. person issued a Social Security number.
The greatest benefit to an economy from international trade is:
A. greater employment in the export sector of the economy. B. the economic power it gives a nation over other countries. C. full employment of its labor force. D. consumption beyond domestic production possibilities.