As a monopolist increases the quantity of output it sells, the price consumers are willing to pay for the good
a. is unaffected.
b. decreases.
c. increases.
d. There is not enough information given in answer the question.
b
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Dolly Varden is not employed. She is also not unemployed. How can that be?
A) It can't. Dolly must be either employed or unemployed. B) Dolly must be over 65 years old. C) Dolly must not be actively searching for a job. D) Dolly must be a discouraged worker.
The aggregate supply curve (short run):
A. graphs as a horizontal line. B. is steeper above the full-employment output than below it. C. slopes downward and to the right. D. presumes that changes in wages and other resource prices match changes in the price level.
Amusement parks often offer coupons to the local market that are not available to tourists. This is an example of
a. Direct discrimination scheme b. Indirect discrimination scheme c. Both of the above d. None of the above
Unemployment benefits create(s) which of the following?
a. less unemployment b. incentives for people to quickly find work c. incentives for employers to hire people d. incentives for people to not work