It is difficult for cyclically unemployed individuals to find jobs because:
a. they do not meet the qualifications required for the available jobs.
b. the economy is in a recession.
c. they quit their last job and employers view them with suspicion.
d. they have not looked long enough to find a job.
b
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The logical principle for maximization can be stated as follows:
A) Do it if it feels good. B) Do it if the benefit from doing it is greater than the cost of doing it. C) Do it unless it's illegal, immoral, or fattening. D) Do it whenever the marginal benefit equals the marginal cost.
A flexible exchange rate regime
A) does not describe the regime follow by the European Central Banks. B) keeps the exchange rate fixed but lets the price of gold fluctuate C) allows a currency to float D) none of these choices.
A movie theater can increase its profits through price discrimination by charging a higher price to adults and a lower price to children if
a. adults buy more popcorn than children. b. the cost of showing a movie to children is less than the cost of showing a movie to adults. c. it has some degree of monopoly-pricing power. d. All of the above are correct.
Input-output analysis is a technique used to solve complicated market equations
a. True b. False Indicate whether the statement is true or false