Barbara Ehrenreich wrote about jobs in the ______ labor market; Beth Schulman wrote about jobs in the ______ labor market.
A. secondary; secondary
B. primary; primary
C. secondary; primary
D. primary; secondary
A. secondary; secondary
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Two students are assigned a group project. Each has the option to work or not work to achieve a high grade. The payoffs are shown in the above table. Student 1 should
A) work only if student 2 works. B) work regardless of the decision made by student 2. C) not work if student 2 works. D) not work regardless of what student 2 decides.
From 2004 to 2006, the U.S. budget was ________, private saving was ________ domestic investment, and foreign borrowing was ________
A) in deficit, less than, needed to finance deficit B) balanced, roughly equal to, not needed to finance deficit C) balanced, less than, substantial. D) surplus, greater than, negligible
Regardless of quantity in long-run equilibrium, the industry price cannot exceed the
a. long-run average cost of supplying that quantity. b. total variable cost of supplying that quantity. c. long-run total cost of supplying that quantity. d. minimum long-run marginal cost of supplying that quantity.
Jamie's marginal utility from muffins and from doughnuts (in utils) is shown in the accompanying table. Jamie spends a total of $8 on muffins and/or doughnuts every morning. The price of each muffin is $2 and the price of each doughnut is $1.MuffinsPer DayMarginal UtilityPer MuffinDoughnutsPer DayMarginal UtilityPer Doughnut140220230415320510What is Jamie's optimal combination of muffins and doughnuts each day?
A. 1 muffin, 6 doughnuts B. 2 muffins, 4 doughnuts C. 4 muffins, zero doughnuts D. 3 muffins, 2 doughnuts