Fast food chains often behave like
A. cartels.
B. covert colluders.
C. open colluders.
D. cutthroat competitors.
D. cutthroat competitors.
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A discouraged worker is one who
a. is underqualified for the current job b. dislikes the current job but is afraid to quit c. after a lengthy unsuccessful attempt to find a job drops out of the labor force d. quits his/her job because the possibility of advancement was very low e. is overqualified for the current job
Disposable income is the aggregate income minus net taxes that households receive in exchange for factors of production they supply in resource markets
Indicate whether the statement is true or false
Airlines charge business travelers more than leisure travelers because there is a more:
A. elastic demand for business travel. B. inelastic demand for business travel. C. elastic supply of business travel. D. inelastic supply of business travel.
Normal Profit is what a firm
A. usually makes. B. is zero in the long run. C. needs to make to maintain the incentive to remain in the industry. D. a) and b)