The goal of the Head Start program is to
a. offer comprehensive job training and skills enhancement programs for displaced workers
b. give hungry families a chance to receive free government surplus foods
c. enable farmers who are just starting a business the opportunity for low-interest loans to purchase equipment
d. provide educational and social services to households with preschool children
e. improve technological development so that U.S. companies can better compete internationally and hire more U.S. workers
D
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Suppose milk and cereal are compliments and the demand for milk is Qdm = 40 - 6Pm - 2Pc, where Qdm stands for millions of gallons of milk demanded, Pm stands for the price of milk and Pc stands for the price of cereal. The supply of milk is Qsm = 6Pm - 8, where Qsm stands for millions of gallons of milk supplied. The demand and supply of cereal are Qdc = 90 - 5Pc - Pm and Qsc = 5Pc - 10, respectively, where Qdc stands for millions of boxes of cereal demanded and Qsc stands for millions of boxes of cereal supplied. What is the general equilibrium quantity of cereal?
A. 20.5 million boxes B. Zero boxes C. 38.8 million boxes D. 46.25 million boxes
In the nonstrategic view of bargaining
a. The first-mover usually gains more b. The second-mover usually gains more c. The third-mover usually gains more d. The outcome depends on which mover can commit to a strategy
For many firms, their input costs, such as wages and other contracted costs, are ______.
a. highly variable in the short run b. relatively constant in the long run c. quick to adjust in the short run d. relatively constant in the short run
As the unemployment rate falls,
A) the proportion of the unemployed finding a job increases. B) the separation rate increases. C) the young and unskilled experience larger-than-average decreases in unemployment. D) both A and C. E) all of the above