People who are willing and able to work but are not looking for work because they have been discouraged by their previous futile efforts are called
A) unemployed workers.
B) discouraged workers.
C) unhappy workers.
D) involuntarily unemployed.
E) part-time lookers.
B
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The quantity demanded of a good or service is the amount that
A) a consumer would like to buy but might not be able to afford. B) is actually bought during a given time period at a given price. C) consumers plan to buy during a given time period at a given price. D) firms are willing to sell during a given time period at a given price.
Explain why the availability of resources affects the elasticity of supply
What will be an ideal response?
If a monopolist engages in perfect price discrimination,
a. the marginal revenue curve becomes steeper b. the demand curve also becomes the marginal revenue curve c. the demand curve is steeper than the marginal revenue curve d. the demand curve is not as steep as the marginal revenue curve e. there is no way to define its marginal revenue
Sophia receives a $400 gift card for her campus bookstore from her parents. Which of the following is true regarding the $400 gift card?
A. It is counted in only M2. B. Stored-value cards are not counted in either M1 or M2. C. It is counted only in M1. D. It is included in both M1 and M2.