Table 9.1 represents 3 markets for used computers. Which of the markets in Table 9.1 are NOT in equilibrium?
A. 1 only
B. 2 only
C. 3 only
D. 1 and 3
Answer: A
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The informal sector differs from the formal sector in that informal firms tend to
a. be larger b. be more capital intensive c. operate more apart from the usual laws and regulations d. produce goods and services not found elsewhere e. none of the above
Price discrimination is
a. The practice of charging different prices to different individual buyers or customer groups b. The practice of differentiating the product to make demand less elastic c. The practice of deciding a single price to be charged to customers d. Always illegal
What percentage of Americans will find a new job within 14 weeks of being unemployed?
a. 27.8
b. 35.7
c. 63.5
d. 78.4
In the United States, most people's wealth comes from
A. transfer payments. B. saving. C. inheritance. D. profits.