Since the National Basketball Association is the only significant employer of professional basketball players, it might be referred to as a(n)
A) oligopsony.
B) monopoly.
C) monopsony.
D) oligopolist.
C
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All else equal, a decrease in the rate of inflation ________ aggregate spending and ________ short-run equilibrium output.
A. decreases; decreases B. increases; increases C. decreases; increases D. increases; decreases
The unemployment rate equals
A) (number of people without a job ÷ population)× 100. B) (number of people without a job ÷ working-age population) × 100. C) [(working-age population - number of people employed) ÷ labor force] × 100. D) (number of people unemployed ÷ labor force) × 100. E) (number of people unemployed ÷ population) × 100.
There is a firm basis for specifying what a family's minimum needs are
Indicate whether the statement is true or false
If the dollar value of a country's exports is greater than the value of its imports,
What will be an ideal response?