Economics may be referred to as a(n) ________ science, meaning that data is looked at to see whether assertions are correct
A) empirical
B) exact
C) assumptive
D) soft
A
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Monopolists use the hurdle method of price discrimination in order to:
A. produce the socially optimal level of output. B. increase the demand for their good. C. lower their marginal cost. D. separate consumers on the basis of their reservation prices.
Suppose the working-age population is 220 million, the labor force is 150 million, and the unemployment rate is 10 percent. The number of unemployed people is
A) 15 million. B) 22 million. C) 37 million. D) 7 million.
If a country has an absolute advantage in producing a product, it must also have a comparative advantage in producing that product
Indicate whether the statement is true or false
Which of the following international organizations do globalization critics claim is serving the interests of large multinational corporations?
a. NATO b. The World Bank c. The Fed d. The United Nations e. The International Labor Organization