What are the reasons some people choose to be part-time workers?
What will be an ideal response?
Some people are part-time workers for economic reasons: They want full-time work but cannot find it. These people are called "involuntary part-time workers." Other people choose to be part time for non-economic reasons. These reasons include health problems, family or personal responsibilities, and/or educational commitments that limit availability for work.
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Last year, Casey grew fresh vegetables, which she sold at her local farmers market, but this year, Casey did not plant any vegetables and went to work at a bank instead. Which of the following best explains Casey's career change?
A. Casey's opportunity costs of gardening exceeded Casey's opportunity costs of working at the bank. B. Casey's opportunity costs of working at the bank exceeded Casey's benefits from gardening. C. Casey's opportunity costs of gardening exceeded Casey's benefits from working at the bank. D. Casey's opportunity costs of working at the bank exceeded Casey's opportunity costs of gardening.
The above figures show the market for gasoline. Which figure shows the effect of an increased preference for cars that are smaller and more fuel efficient?
A) Figure A B) Figure B C) Figure C D) Figure D
It is difficult in a natural monopoly market for the firm to achieve both efficiency and zero economic profit simultaneously, even with regulation
a. True b. False Indicate whether the statement is true or false
When a tax is imposed on the sellers of a good, the
a. demand curve shifts downward by less than the amount of the tax. b. demand curve shifts downward by the amount of the tax. c. supply curve shifts upward by less than the amount of the tax. d. supply curve shifts upward by the amount of the tax.