The combination of rising inflation and higher unemployment is called:
A) recession.
B) expansion.
C) stagflation.
D) deflation.
C
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Why does competition lead to lower prices for consumers?
A. Companies do not lower prices for consumers. B. Companies bid down each other to get your business. C. Companies bid against each other to get workers at minimum wage. D. Companies can find cheaper resources.
Yolanda wants to expand her microbrewery business by buying out a competitor and is going to sell newly-issued corporate bonds to do so. This is an example of using ________ for her expansion plans
A) coupon payments B) direct finance C) indirect finance D) retained earnings
Arnold Marion, a first-year economics student at Fazer College, was given an assignment to find an example of price discrimination and present it to his class
When asked for his example Arnold said "I went to a Milwaukee Brewers baseball game with my cousin last week. We paid $25 each for our seats in left field. My aunt and uncle paid $50 each for their tickets; they sat five rows behind the first base dugout. This is an example of price discrimination since we paid different prices for the same product, and the differences were not due to differences in costs." How would Arnold's economics instructor assess Arnold's example? A) He would agree with Arnold that he had found an example of price discrimination, but would add that arbitrage would occur if ticket scalpers sold Brewers tickets for more than the prices Arnold and his uncle paid. B) He would agree with Arnold that he had found an example of price discrimination and would explain that the elasticity of demand for Brewers tickets is different for Arnold and his uncle. C) He would disagree with Arnold's example because there were differences in transactions costs for the $50 tickets and the $25 tickets. D) He would disagree with Arnold's example because the $25 seats and the $50 seats were not the same products.
If a union and a firm cannot reach an agreement on the terms of employment, then the union can organize a withdrawal of labor from the firm, called a strike
a. True b. False Indicate whether the statement is true or false