Members of which European Union institution are popularly elected?
What will be an ideal response?
The European Parliament
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Jim Smith would like to work, but has not looked for work in the past four weeks because he does not believe any jobs are available. In the official employment statistics, Jim is classified as:
A. underemployed. B. unemployed. C. employed. D. out of the labor force.
The above figure illustrates the labor market for fast food restaurants in a small city in Peru. What would be the effects of a minimum wage imposed at $5.50 per hour?
A) unemployment equal to 400 hours B) unemployment equal to 200 hours C) a shortage of 400 hours D) nothing because the minimum wage has no effect on the equilibrium price and quantity
If the demand curve facing a firm shifts outward, then
a. there is a decline in the maximum price the firm can charge at each quantity it may want to sell b. there is an increase in the maximum price the firm can charge at each quantity it may want to sell c. the firm would need to increase the quantity it wants to sell in order to generate a rise in the price d. the firm would need to decrease the quantity it wants to sell in order to generate a rise in the price e. there is a decrease in the maximum quantity the firm can sell at each price it may want to charge
When there is a shortage of parking space in your college,the
(a) demand for parking is greater than the supply (b) supply of parking space is greater than the demand (c) quantity of parking space supplied is greater than the quantity of parking spaces demanded (d) quantity of parking space demanded is greater than the quantity of parking spaces supplied (e) both answers A and D are correct