How does the U.S. Labor Department treat individuals who begin working a part- time job because they cannot find full-time work?
a. as discouraged workers
b. as partly employed
c. as fully employed
d. as unemployed
c. as fully employed
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The top U.S. multinational corporation in terms of both revenues and assets is
a. McDonald's b. Citicorp c. Microsoft d. Ford e. Exxon
A market force that can prevent firms from price discriminating is
a. fluctuating resource prices. b. arbitrage. c. high fixed costs. d. marginal-cost pricing.
A natural monopoly exists when:
A. several formerly competing producers merge to become the only firm in an industry. B. unit costs are minimized by having one firm produce an industry's entire output. C. minimum efficient scale is attained at a small level of output. D. short-run average total cost curves are tangent to long-run average total cost curves.
Over the next 15 years, ___ out of every 10 people added to the world's population will be born in developing countries
A. 6 B. 7 C. 8 D. 9