How would the Bureau of Labor Statistics classify a college graduate who is not currently working but recently turned down an offer for employment at $10 an hour in order to keep looking for a better job?
a. not in the labor force
b. employed
c. unemployed
d. on temporary absence from school
C
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All of the following are characteristics of game theory except
A) payoffs that are the results of the interaction among players' strategies. B) rules that determine what actions are allowable. C) independence among players. D) strategies that players employ to attain their objectives.
The situation in which a firm charges different prices for different blocks of output is referred to as:
A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) fourth-degree price discrimination.
Metering is
a. A type of indirect price discrimination b. A type of direct price discrimination c. An evaluation of a product d. An example of bundling
When is the best time to pay down a nation’s debt?
a. during a recession when unemployment is high b. during an economic expansion when the economy is at full employment c. it is never a good time to pay down the national debt d. any time is a good time to pay down the national debt