A change in demand of a good is shown by a:
A. movement along a demand curve.
C. movement along the demand function.
D. shift of the demand function.
B. shift of a demand curve.
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If a good has an external cost, then the marginal private cost curve
A) lies below the marginal social cost curve. B) lies above the marginal social cost curve. C) is negative. D) is the same as the marginal external cost curve.
The conditions for unaligned retailer and manufacturer incentives include
a. customers are unfamiliar with the product features before they shop for it b. retailers have no opportunity to educate consumers c. manufacturers are more efficient at education consumers d. demand for the product is decreased with some consumer education
The natural rate hypothesis involves how the economy will settle into ______.
a. a rate of aggregate demand b. a rate of unemployment c. an interest rate d. an inflation rate
The civilian labor force consists of:
A. all civilians over the age of 16. B. the employed plus the unemployed who are not in the military. C. only individuals who are actually at work during a given week. D. civilians who are not in prisons or mental hospitals.