When buying a car from a dealer, to get a better bargaining position
a. Always carry your check book to show willingness to buy
b. Carry only blank checks to ease the transaction
c. Carry a cashier check that cannot be modified
d. All of the above
c
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
What is the relationship between imports and employment?
What will be an ideal response?
Claude's Copper Clappers sells clappers for $40 each in a perfectly competitive market. At its present rate of output, Claude's marginal cost is $39, average variable cost is $45, and average total cost is $60 . To improve his profit/loss situation, Claude should
a. increase output b. reduce output but not to zero c. maintain the present rate of output d. shut down e. raise the price
In a bilateral monopoly, wages and employment are determined by
A. The intersection of market supply and demand. B. The intersection of marginal cost and marginal revenue product. C. Negotiation. D. The intersection of marginal wage and market demand.