wars and natural disasters are referred as _______ shocks
Fill in the blank(s) with the appropriate word(s).
external shocks
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The typical cyclically unemployed person includes
A) Andrew, a teenager who has just entered the labor market looking for his first part-time job. B) Barbara, who is re-entering the labor market after a divorce. C) Charles, who was laid off from his factory job but expects to be recalled in a few weeks. D) Diana, who has quit her job and is now looking for another.
_____ prefer a quota to an import tax
a. Foreign producers b. Importers c. Consumers d. Foreign consumers
Suppose that a price-discriminating monopolist divides its market into two segments. The firm will charge the lower price in the market segment where consumers
a. have relatively less elastic demand b. have relatively more elastic demand c. attach a higher marginal value to each unit of the good d. have perfectly inelastic demand e. attach higher average value to units of the good
Kelly is a U.S. citizen who works for Burton located in Germany. Kelly's work contributes to:
A. U.S. GDP, but not U.S. GNP. B. U.S. GNP, but not U.S. GDP. C. Germany's GNP and U.S. GDP. D. U.S. GNP and U.S. GDP.