One of the best sources for generic job descriptions is _______________

A. Bureau of National Affairs
B. Department of Labor
C. O*NET
D. Dictionary of Occupational Titles


C. O*NET

Economics

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If demand for a product increases, ceteris paribus, the equilibrium

A) quantity decreases. B) price increases. C) price remains unchanged. D) price decreases.

Economics

When the relevant markets are local, the concentration and HHI based on figures for the entire United States tend to:

A. ignore the presence of import goods. B. give a more precise description of the real situation. C. be biased downward. D. be biased upward.

Economics

If the marginal physical product (MPP) is falling, then the

A. Marginal cost of each unit of output is rising. B. Marginal cost of each unit of output is falling. C. Total cost of each unit of output is falling. D. Total cost of each unit of output is rising.

Economics

Which of the following is FALSE about public-sector decision making?

A. The price charged to consumers is often less than its full opportunity cost. B. Decisions are based on majority rule. C. Incentives play a role in decision making. D. Decisions involve no opportunity cost.

Economics