Phillip is going for a job interview. He will have a higher bargaining power if:
A) he is the only applicant.
B) there are several applicants.
C) no other company has a job opening.
D) he is a college freshman.
A
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If income increases from $50,000 to $60,000 while the demand for a good increases from 100 units to 125 units, what is the income elasticity of demand? Is the good a normal good or an inferior good?
What will be an ideal response?
What is the name of the organization that defines business cycle peaks and troughs in the United States?
A) the National Bureau of Economic Research B) the National Peak and Trough Committee C) the Bureau of Labor Statistics D) the Federal Reserve
A decrease in the price of a complement shifts the demand curve to the
a. right b. left c. it does not change the demand curve d. none of the above
A tax affects
a. buyers only. b. sellers only. c. buyers and sellers only. d. buyers, sellers, and the government.