Which of the following groups would be considered suppliers in the labor market?
a. Government agencies
b. Firms
c. Households
d. Stockholders
e. Landlords
C
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Pirates have been intensely attacking ships off the shore of Somalia this year. Boat owners have reportedly coughed up more than $30 million in ransom and insurance premiums have shot up. Why would insurance premiums increase dramatically?
I. Because the probability of pirate attack has increased II. Because consumers' willingness to pay for insurance has increased because of these attacks III. Because insurance claims have increased A) I only B) I and III only C) III only D) I, II, and III
A firm sells 150 units of output at a price of $8 each. The economic cost of producing the 150 units of output is $1,000 . Calculate the firm's level of economic profit
What will be an ideal response?
Hong Kong chooses to have ________ and ________ and therefore, cannot have an independent monetary policy at the same time
A) capital control; a fixed exchange rate B) free capital mobility; a fixed exchange rate C) free capital mobility; a flexible exchange rate D) capital control; a flexible exchange rate
A conglomerate merger occurs when
a. the goods produced by the merging firms are not related b. one firm produces goods while the other produces services c. one firm is a domestic firm while the other is a foreign firm d. the firms are in a buyer-seller relationship e. the merging firms produce identical or close substitute goods