What is a discouraged worker? How do they affect the unemployment rate?
What will be an ideal response?
A discouraged worker is a person without a job, who is available and willing to work, but who has not made specific efforts to find a job within the past four weeks. Essentially, a discouraged worker is someone who wants a job but has grown so "discouraged" about finding one, he or she has stopped looking. Discouraged workers are not in the labor force so in one sense they do not affect the unemployment rate. However, if they re-enter the labor force to look for work, the unemployment will increase because while they are searching they are now counted among the ranks of the unemployed.
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Kyle and Stan are playing Odds or Evens, where Kyle is designated as the "odd" player and Stan is designated as the "even" player. They decide to play the game 10 times. If Stan plays his ideal mixture, Kyle's expected payoff is zero w
A) plays a pure strategy of "shoot 1." B) plays a pure strategy of "shoot 2." C) plays his ideal strategy. D) All of the above are correct.
For a 3-year simple loan of $10,000 at 10 percent, the amount to be repaid is
A) $10,030. B) $10,300. C) $13,000. D) $13,310.
Which of the following is an example of a durable strategy undertaken by firms to prevent competition?
a. Purchasing the latest technology available in the market b. A firm spending huge sums on advertisements. c. Selecting a unique location for carrying out operation d. Identifying a competent sales force
A limit price is never a predatory price
Indicate whether the statement is true or false