If the shoplifter knows that the security guard has a reputation for sleeping on the job, what would his best response be
a. Steal
b. Not steal
c. Run
d. Hide
a
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The labor force is
A) the sum of the employed and unemployed workers in an economy. B) the total number of people in an economy who are over the age of 16. C) the total number of employed people in an economy. D) the percentage of employed people divided by the population.
The production possibilities frontier:
A. can show all possible combinations of goods but not tell us which combination society should choose. B. can show the best combination of goods which society should choose. C. cannot show all possible combinations of goods because society is typically inefficient. D. can show us which possible combinations of goods society should choose, but cannot tell us which points will be inefficient.
Most businesses in the United States are organized as
a. sole proprietorships b. partnerships c. corporations d. mutual trust companies e. mutual fund companies
The principle of “comparable worth” asserts that people with comparable, if not identical, skills and responsibilities should receive the same pay. If this principle were to become law, it would tend to
A. reduce the problem of the “cost disease of services.” B. exacerbate the problem of the “cost disease” of the service sector. C. be irrelevant to the “cost disease” problem. D. eliminate the problem of externalities.