Nick Lewis does not work and has not looked for work because of a disability. He is
a. a member of the labor force who is temporarily unemployed
b. a member of the labor force who chooses not to be employed
c. a member of the labor force who is underemployed
d. a discouraged worker who is not a member of the labor force
e. not a member of the labor force
E
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BP and Exxon both produce petroleum products and sell them at the wholesale and retail levels. One of them is also in the coal business. The merger of the two firms is an example of
a. horizontal integration. b. vertical integration. c. both horizontal and vertical integration. d. a tournament.
An example of a cooperative game would be
A) oligopoly. B) monopolistic competition. C) a cartel. D) perfect competition.
Goals of efficiency and equity in tax policy are
a. complementary in most countries. b. necessary for application of the ability-to-pay principle. c. often in conflict with each other. d. easier to achieve when tax codes are complex.
During Global Financial Crises, housing starts in the US fell by
A) 76%. B) 25%. C) 30%. D) 95%.