Ceteris Paribus
What will be an ideal response?
Latin for "all else held constant" or "all else equal"
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Mergers between companies that previously existed in a supplier-buyer relationship are called
A) conglomerate mergers. B) diagonal mergers. C) horizontal mergers. D) vertical mergers.
Which of the following is the best example of an investment in human capital?
a. on-the-job training received by an apprentice electrician b. an increase in the number of hours worked per week by a worker in an unskilled laboring job c. the purchase of company stock by a worker d. payments into a retirement pension plan by a skilled laborer
Why does a toothbrush have an inelastic demand and an automobile have an elastic demand?
What will be an ideal response?
Lower wages for women relative to those for men constitute wage discrimination if women earn lower wages:
A. but are equally productive. B. and have lower productivity than men. C. in clerical and service occupations. D. due to career interruptions to raise children.