Exit of a firm refers to:
A) a short-run decision by a firm to not produce anything.
B) a long-run decision by a firm to leave the market.
C) a refusal to work organized by a group of employees at the firm.
D) an exclusion of employees of a firm from their place of work until certain terms are agreed upon by them.
B
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The equilibrium price of credit card services is
A) the real quantity of money. B) determined only by the demand for credit card services. C) the nominal interest rate. D) equal to the average cost of credit card services.
When a government turns a deficit into a surplus we would expect
A) interest rates to rise. B) interest rates to decrease. C) the demand curve for loanable funds to shift rightward. D) that more investment is crowded out.
Those who support advertising claim that viewing a product as frivolous is ______.
a. productive b. accurate c. subjective d. objective
What percentage of the U.S. adult population has a college or post-college education (as of 2012)?
A. 8 percent. B. 31 percent. C. 41 percent. D. 88 percent.