Refer to the given data. We can conclude from the information given that this firm is a:
A. pure monopolist.
B. discriminating monopolist.
C. monopolistic competitor.
D. pure competitor.
D. pure competitor.
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Jack just received a promotion at work and now works 50 hours per week instead of 35. As a result,
A) the unemployment rate increased. B) the labor force participation rate increased. C) the unemployment rate decreased. D) neither the unemployment rate nor the labor force participation rate changed.
Economists criticize Robinson-Patman acts because
a. Economists are profit maximizers b. Economists promote unemployment c. Economists are against discounting of goods d. Economists feel the act protects competitors rather than the process of competition
The labor force does not include people in the working-age population who are:
A. employed. B. not actively trying to find a job. C. retired, a full-time student, or stay-at-home parent. D. employed part time.
Karl Marx believed the central figures in an industrial economy were the
A. labor union leaders. B. heads of the ruling political party. C. capitalists. D. stock market speculators.