___________ are repetitive, often unconscious, patterns of behavior
a. Goals
b. Values
c. Habits
d. Attitudes
C
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Susan Clark would like to work forty hours per week, but can only find twenty hours per week of work. In the official employment statistics, Susan is classified as:
A. out of the labor force. B. unemployed. C. underemployed. D. employed.
The Coase Theorem is the proposition that if the number of involved parties is low, if property rights ________ and transactions costs are ________, then private transactions are efficient
A) are nonexistent; low B) exist; high C) are nonexistent; high D) exist; low
Scarcity limits the volume of goods that an economic system can produce, but does not limit the production of services
a. True b. False Indicate whether the statement is true or false
The price-leadership model is best applied when there are no dominant firms in a market.
Answer the following statement true (T) or false (F)