Individuals who would like a full-time job but are working only part-time are known as
a. partially unemployed.
b. involuntary part-time workers.
c. freelancers.
d. flexible workers.
e. temporary labor force.
D
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If the economy were producing at point E and moves to point D,
A. resources will shift from producing capital goods to producing consumer goods.
B. resources will shift from producing consumer goods to producing capital goods.
C. more capital goods can be produced without any sacrifice in consumer goods production.
D. more consumer goods can be produced without any sacrifice in capital goods production.
Suppose that a tax of $2 per unit of output is imposed on red rubber ball producers. What level of output maximizes profit?
A) -1 B) 3 C) 4.5 D) 5 E) B, C, and D are correct.
For a normal good, the substitution and income effects of a price decrease work in the same direction to increase the quantity demanded of that good
a. True b. False
Sociopsychiatric explanations of consumer behavior include the
A. Desire for ego and status. B. Level of wealth. C. Prices of other goods. D. Level of income.