Reducing prices below cost in order to eliminate competitors (with the intention of later raising prices to recoup all losses) is
A) an empirical impossibility in a free society.
B) called induced competition.
C) called predatory price cutting.
D) increasingly common in the American economy.
C
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Which of the following best describes labor force participation rates for men and women over the period 1960 to 2000?
A. Labor force participation rates for both men and women increased. B. Labor force participation rates for both men and women decreased. C. Labor force participation rates for men increased while labor force participation rates for women decreased. D. Labor force participation rates for men declined while labor force participation rates for women increased.
According to the World Bank, roughly 800 million people are classified as being in ________ poverty.
A. severe B. extreme C. tremendous D. subsistence
Figure 3-10
illustrates the conditions of demand and supply in the market for compact discs. Indicate the equilibrium price and quantity.
a.
price, $20; quantity, 2,000
b.
price, $15; quantity, 3,000
c.
price, $10; quantity, 2,000
d.
price, $10; quantity, 4,000
The natural rate of unemployment is the estimated rate of unemployment that would prevail when ________ unemployment is zero
A) structural B) cyclical C) seasonal D) frictional