________ refers to any factor that keeps the market wage above the level that would clear the labor market
A) Wage discrimination B) Price ceiling
C) Wage rigidity D) Wage stability
C
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Refer to Figure 12-10. At the profit-maximizing output level, the firm earns
A) zero economic profit. B) a profit of $600. C) a profit of $1,200. D) a profit of $2,700.
Big Oranges produces orange juice. To make its juice, Big Oranges harvests oranges from its own farms in addition to purchasing oranges from other locally owned farms. Big Oranges is ________.
A) partially vertically integrated B) completely vertically integrated C) partially forward integrated D) completely forward integrated
If a bank's total assets are $150 million and total liabilities are $110 million, the bank's net worth is
a. $15 million b. $260 million c. $40 million d. -$40 million e. $5 million
The fastest growing money supply since 1970 has been
a. M1 b. M2 c. M3 d. M1 and M3 (approximately the same rate) and not M2 because M2 is part of M3 e. M1, M2, and M3 which, by definition, must grow at the same rate