Oligopoly is a market structure characterized by ________ number of firms who behave ________
a. large, interdependently.
b. large, independently.
c. a few, interdependently.
d. a few, independently.
c
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Some states require that unions represent non-union workers who don't pay dues in their collective bargaining negotiations
Explain using economic logic how this might result in fewer unions than would otherwise be the case if these types of laws did not exist.
Refer to Table 18-3. Given the following exchange rates in the above table, what are the exchange rates stated as U.S. dollars per Danish krone and U.S. dollars per EU euro respectively?
A) 0.02 dollars per krone and 0.70 dollars per euro B) 0.05 dollars per krone and 1.30 dollars per euro C) 2.00 dollars per krone and 7.14 dollars per euro D) 0.20 dollars per krone and 1.43 dollars per euro
One commonly used test in checking for the presence of autocorrelation when working with time series data is the ____
a. F-test b. Durbin-Watson test c. t-test d. z-test e. none of the above
Which of the following is most likely to be a normal good?
a. trips to the laundromat b. macaroni-and-cheese dinners c. tickets to major league baseball games d. bus rides e. used paperback books