A marginally attached worker is
A) a person who is not happy with his or her job.
B) someone who works part-time more than 25 hours per week but wants full-time work.
C) someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 weeks.
D) someone who does not have a job but is available and willing to work but has not made specific efforts to find a job during the past 4 weeks.
E) another name for an unemployed worker.
D
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What would be an example of government good?
A) Jake buys an iPhone. B) The local driver's license office purchases a new digital camera and printer. C) Antonio, the manager of the local Taco Hut, purchases a new deep fryer. D) Donald Trump purchases furniture for his office. E) Rhianna gets a haircut.
What condition may provide for a relatively small degree of inefficiency under monopolistic competition?
A) There is a single seller and no product differentiation. B) The marginal cost of production is less than the market price. C) The demand curve is relatively elastic so that the price is near the long-run minimum average cost. D) There is only one buyer in the market.
Which of the following is a characteristic of socialism?
a. Rejection of central planning. b. Government ownership of all factors of production. c. Government ownership of most of the factors of production. d. Private ownership of all factors of production.
The statement that a monopoly raises the price of its product is an example of positive economics
Indicate whether the statement is true or false