When misallocation of resources for production of a good results in spillover effects on third parties, there is a
A. productive failure.
B. consumer failure.
C. market failure.
D. government failure.
Answer: C
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If skilled labor is ___ unskilled labor, then an influx of unskilled immigrants could ____ the demand for skilled labor
a. a substitute for; raise b. a complement to; raise c. a complement to; lower d. a complement to; substitute.
In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted them. How many people are in the labor force of this town?
A. 63 B. 80 C. 60 D. 73
Why do corporate boards of directors sometimes link top managers' compensation to the corporations' stock prices? How might tying compensation too closely to stock prices create an incentive for corporate fraud
What will be an ideal response?
A merger between firms in which one firm purchases an input from the other is called a
A. horizontal merger. B. vertical merger. C. conglomerate merger. D. none of these.