Which statement is true?
A. On the production possibilities frontier, unemployment is zero percent.
B. On the production possibilities frontier, 85 percent of the labor force is employed.
C. To get out of a recession, we must move to some point closer to the production possibilities frontier.
D. To have economic growth, we must have zero unemployment.
C. To get out of a recession, we must move to some point closer to the production possibilities frontier.
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To make a threat more credible, managers can do all of the following except which one?
A) make competitors aware of the firm's plans B) keep competitors in the dark about the firm's plans C) take action to lower the firm's costs D) take action to increase the firm's capacity
Airlines can increase profits by charging higher fares to business customers because those customers have a more elastic demand for airline travel
a. True b. False Indicate whether the statement is true or false
The two types of imperfectly competitive markets are
a. markets with advertising and markets with price competition. b. public goods and common resources. c. oligopoly and monopoly. d. monopolistic competition and oligopoly.
The Federal Reserve System is the
A) federal government agency that collects taxes and spends these receipts on tanks, bridges, government employees' salaries, etc. B) company that delivers packages to your front door. C) central bank of the United States. D) federal government agency that collects and disseminates all the economic data that economists are interested in.