The maximum price that a consumer is willing to pay for each unit bought is the ________ price
A) market
B) reservation
C) consumer surplus
D) auction
E) choke
B
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One characteristic of monopolistic competition is that it has
A) many firms producing a slightly differentiated product. B) many firms producing identical goods. C) one firm producing a unique good. D) a few firms producing a slightly differentiated product. E) large barriers to entry.
If the exchange rate rises, domestic goods become relatively ______ expensive. This change in the affordability of domestic goods makes domestic goods _____ attractive to foreigners. So, _______ ______
Fill in the blank(s) with correct word
In 2016 the Bureau of Labor Statistics reported that there were 71.9 million people over age 25 who had at least a bachelor's degree. Of these 52.1 million were employed and 1.3 million were unemployed. What were the labor-force participation rate and the unemployment rate for this group?
a. 72.5% and 1.8% b. 72.5% and 2.4% c. 74.3% and 1.8% d. 74.3% and 2.4%
A supply schedule shows the relationship between:
A. demand and supply. B. supply and income. C. price and income. D. quantity supplied and price.