If Bratty Brad decides to hit Mousey Mike, what would Mousey Mike's best response be
a. Tell
b. Not tell
c. Run
d. Hide
b
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Assuming the total population is 100 million, the civilian labor force is 50 million, and 47 million workers are employed, the unemployment rate is
A. 3%. B. 7%. C. 53%. D. 6%.
In monopolistic competition, firms sell a differentiated product. In perfect competition, firms sell an identical product. How do these markets differ as a result?
What will be an ideal response?
The tragedy of the commons arises from the:
A. good being rival. B. good being excludable. C. combination of rivalry and nonexcludability. D. combination of rivalry and excludability.
If the nominal GDP were to increase, but the real GDP were to increase by less from one year to the next, we could conclude:
A. prices went up, but output stayed the same. B. prices stayed the same, but output went up. C. both prices and output went up. D. both prices and output stayed the same.