For most firms, any of the following could be considered an accident except which one?
A) failing to earn an economic profit
B) audit failure
C) product failing safety standards
D) patent infringement
A) failing to earn an economic profit
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A good will have a more inelastic demand, the
a. greater the availability of close substitutes. b. broader the definition of the market. c. longer the period of time. d. more it is regarded as a luxury.
Answer the following statement true (T) or false (F)
1) About one-half of U.S. electricity is generated using petroleum. 2) Renewable energy sources account for about 50 percent of U.S. electricity generation. 3) The United States is in imminent danger of running out of energy. 4) Renewable natural resources can never be exhausted.
How would each of the following events affect the level of employment and the real wage rate? Explain which curves in the labor market diagram would be affected and show your work.(a)The stock market falls sharply.(b)A war destroys a substantial amount of a country's physical capital. (c)A new law reduces immigration of workers into the country.
What will be an ideal response?
If a candidate for political office was espousing a "pro-growth" agenda and was focused on universal and free college education, this would have its greatest impact on growth through which source?
A. An increase in economic freedom B. An increase in the number of workers C. An increase in the productivity of workers D. None of these