An individual with a Ph.D. in physics who can find employment only in a pizza parlor would be considered:
a. discouraged
b. underemployed.
c. overemployed.
d. voluntarily unemployed.
e. long-term unemployed.
b
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What is true of equilibrium in the game in Scenario 13.14?
A) In equilibrium, both firms choose Q = 50. B) In equilibrium, both firms choose Q = 100. C) There are two equilibria, at Q = 50 and at Q = 100. D) The only equilibrium is in mixed strategies. E) The two equilibria are those associated with the (40,30 ) outcome and the (30,40 ) outcome.
Refer to the following graph.
The maximum amount of good B can be consumed in this economy with international trade is
A. G units. B. Q units. C. P units. D. F units.
When a monopolistically competitive firm advertises, it is attempting to increase
A. The demand and increase the price elasticity of demand for its product. B. Market demand. C. The demand and decrease the price elasticity of demand for its product. D. Long-run profits.
A U.S. tariff on French wine will likely benefit U.S. wine producers and the U.S. government (by increasing tax revenue), but harm U.S. wine drinkers and French wine producers
a. True b. False Indicate whether the statement is true or false