Julie works part-time for economic reasons. She would be considered
A) an involuntary part-time worker.
B) a discouraged worker.
C) a job seeker.
D) not in the labor force.
E) unemployed as calculated by the Bureau of Labor statistics.
A
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Which is true regarding cyclical unemployment? i. Cyclical unemployment is positive at business cycle peaks. ii. Cyclical unemployment is negative at business cycle troughs. iii. Cyclical unemployment is zero at full employment
A) iii only B) i, ii and iii C) i and iii D) i only E) i and ii
If a monopolist can perfectly price discriminate, it will
A) charge the same price for each unit sold. B) produce until price elasticity of demand equals one. C) not be concerned with the market demand. D) charge a different price for every unit sold.
Say's law
A) explains the role of money. B) deals with interest rates, employment, and production. C) was accepted and praised by John Maynard Keynes. D) None of the above.
Which of the following is an example of a market solution to a queuing problem?
a. selling discounted televisions to the first shoppers to grab them b. paying premium prices for reserved seats to avoid lines at a sporting event c. selling concert tickets to the first 500 people in line d. paying a lower price to buy general admission tickets instead of first-class seats