Durable consumer goods include all of the following EXCEPT
A. a laptop.
B. a smartphone.
C. Alphabet company stock.
D. an automobile.
Answer: C
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All of the following tends to occur when unemployment is above the natural rate EXCEPT:
A) wage increases will be limited B) inflation will rise C) increases in the cost of production will be limited D) there is slack in the labor market
Which of the following is true?
a. Monopolists, monopolistically competitive firms and perfectly competitive firms all earn positive economic profits in the long run. b. Monopolists, monopolistically competitive firms and perfectly competitive firms all earn zero economic profits in the long run. c. Only monopolists and monopolistically competitive firms, but not perfectly competitive firms, can earn positive economic profits in the long run. d. Monopolists, monopolistically competitive firms and perfectly competitive firms can potentially all earn positive economic profits in the short run.
Which of the following is an implicit cost?
a. salaries paid to owners who work for their own firm b. interest on money borrowed to finance equipment purchases c. cash payments for raw materials d. wages paid to hourly employees e. foregone rent on office space owned and used by the firm
An employer who refuses to hire women because of the chance they may quit for childbearing purposes is engaging in statistical discrimination
a. True b. False Indicate whether the statement is true or false