Movie theaters often offer reduced rates for children under 10. This suggests that demand for adult admission is ________ than demand for children's admission.
A. more elastic
B. less elastic
C. more variable
D. lower
Answer: B
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Tobin's model of the speculative demand for money shows that people hold money as a store of wealth as a way of
A) reducing risk. B) reducing income. C) avoiding taxes. D) reducing transactions cost.
Budget cuts which lead to more lax protection of our borders will affect the labor market in California. It will cause a(n) ___________ in labor supply, resulting in __________.
A. decrease; higher wages B. increase; higher wages C. increase; lower wages D. decrease; lower wages
The term "recovery" refers to the maximum point of the business cycle
a. True b. False Indicate whether the statement is true or false
The development of a nationwide computerized job bank listing of all job openings would be most likely to reduce:
a. structural unemployment. b. frictional unemployment. c. seasonal unemployment. d. cyclical unemployment.