Which of the following is TRUE of the activities of ticket scalpers?
A) These activities cannot generate profits for the scalpers unless ticket prices are currently below market clearing levels.
B) These activities help reduce the quantities of excess tickets supplied for events in which ticket surpluses currently exist.
C) Engaging in these activities enable scalpers to push the price above the market clearing level.
D) Engaging in these activities enable scalpers to push the price below the market clearing level.
A
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Which of the following is a correct way to measure productivity?
a. Divide the number of hours worked by the quantity of output. b. Divide the quantity of output by the number of hours worked. c. Determine how much output is produced in a given time. d. Determine how much time it takes to produce a unit of output.
Henelyn lost her job as a factory worker when she was replaced by a robotic machine. Now she is looking for a new job. Henelyn is
A) cyclically unemployed. B) structurally unemployed. C) not unemployed. D) frictionally unemployed. E) none of the above.
Which of the following will cause a rightward shift of the demand curve?
A) a decrease in the cost of production B) a decrease in the price of the good C) an increase in the expected future price of the good D) all of the above
Suppose an unregulated natural monopoly becomes regulated using marginal-cost pricing. As a result, the firm's profits would
a. increase substantially. b. decrease substantially, but remain positive. c. be brought down to zero. d. become negative.