An association of businesses that are jointly owned and operated by members for mutual benefit is a:
A) condominium.
B) corporation.
C) cooperative.
D) joint tenancy.
C
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Based on the production and revenue data in the above table, if the wage rate is $20 per worker, how many workers will be hired?
A) 5 B) 4 C) 3 D) 2
Refer to Figure 9.1. If the market is in equilibrium, total consumer surplus is
A) $30. B) $70. C) $400. D) $800. E) $1200.
Proponents of rational expectations argued that the sacrifice ratio
a. could be high because it was rational for people not to immediately change their expectations. b. could be high because people might adjust their expectations quickly if they found anti-inflation policy credible. c. could be low because it was rational for people not to immediately change their expectations. d. could be low because people might adjust their expectations quickly if they found anti-inflation policy credible.
The higher the cost of talking on a cell phone in public (in terms of being perceived by others as rude) the less likely one is to do so
Indicate whether the statement is true or false