In the industry of phone apps, end users are
A. app users only.
B. advertisers only.
C. both advertisers and app users.
D. no one.
Answer: C
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How many people are unemployed if the employment ratio is 75%, there are 90 million people employed, and there are 20 million people not in the labor force?
A) 20 million B) 10 million C) 5 million D) 0 million
Which of the following is most likely an inferior good?
a. an antique car b. gasoline c. a bus ticket d. an airline ticket
The impact of an increase in oil prices stemming from the growth of demand is probably going to ____ the wages of petroleum engineers.
A. decrease B. increase C. leave unaffected D. be impossible to predict
Refer to the figure below:
In the figure, the equilibrium price and quantity are
A. P = $6 and Q = 800. B. P = $7 and Q = 800. C. P = $4 and Q = 300. D. P = $4 and Q = 400. E. P = $6 and Q = 300.