If the underground economy is sizable, then GDP will:
a. understate the economy's performance.
b. overstate the economy's performance.
c. fluctuate unpredictably.
d. accurately reflect this subterranean activity.
a
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The difference in prices for first-class and coach airline tickets exemplifies price discrimination.
Answer the following statement true (T) or false (F)
In the principal-agent model, at the employee's optimal effort choice:
A. the incentive coefficient of effort is very high. B. the net benefits of effort are maximized. C. the marginal benefit of effort is negative. D. the marginal costs of efforts exceed the marginal revenue.
If the interest rate is 9 percent, to get back $800 in one year you would need to deposit ________ today.
A. $720.72. B. $714.29. C. $733.95. D. $791.00.
The number of people classified as employed is 260,000 and the number of people classified as unemployed is 30,000. The size of the labor force
A. equals 230,000. B. equals 260,000. C. equals 290,000. D. equals 320,000.