Javier lost his job as a chemical engineer when the company he worked for shut down, so he took a full time job as a convenience store clerk to help pay the bills. Javier is now considered
A) a discouraged worker.
B) underemployed.
C) unemployed.
D) out of the labor force.
B
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If half of all unemployed individuals suddenly gave up looking for work, the unemployment rate would ________ and the labor force participation rate would ________
A) decrease; decrease B) decrease; increase C) increase; decrease D) increase; increase E) There is not enough information to answer this question.
The figure above shows the price of a DVD player from 2003 to 2007
a) What type of graph is illustrated above? b) What is the trend in the price of a DVD player?
Some argue the best response to monopolies is no response at all because:
A. the creation of regulation may be too difficult. B. political mishandling may make the situation even worse. C. the regulation of monopolies may not be able to be managed effectively. D. All of these statements are true.
If the supply curve of the fringe in the oligopoly market is highly elastic:
a. the dominant firm will command a higher share of market output. b. the price chosen by the dominant firm will be high. c. the dominant firm's profit will be lower. d. the market price for the commodity will be low.