The arrival of _______ goods creates problems with respect to the accuracy of measuring inflation and how the cost of living has changed over time.
a. refurbished
b. substitute
c. new
d. damaged
c. new
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People who are not employed and are not actively looking for work, because they are fairly certain they could not find a satisfactory job, are counted by the BLS as
A) involuntarily employed. B) neither employed nor unemployed. C) unemployed members of the labor force. D) voluntarily unemployed.
What is interest rate parity and what happens when this condition doesn't hold?
What will be an ideal response?
Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000 - 200P, where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard. The Cournot model describes the competition in this market. If Kate produces 10,000 cubic yards per year, what is Alice's inverse demand function?
A. P = 75 - 0.005QK B. P = 75 - 0.005QA C. P = 50 - 0.005QK D. P = 50 - 0.005QA
The main cost of a college education is
A) tuition if one goes to a private college and room and board if one goes to a public college. B) dependent upon whether one's parents pay for the college or not. C) the lack of practical experience from spending time in college. D) the opportunity cost of not working.