During republican presidential administration since 1948, economic growth was highest in ________ year of the administration?
A) first
B) second
C) third
D) fourth
D
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The existence of a kinked demand curve under oligopoly conditions may result in
a. volatile prices b. competitive pricing. c. prices above the monopoly price. d. an increase in the coefficient of variation of prices. e. stable prices
Suppose you are the marketing manager for Fruit of the Loom. An individual's inverse demand for Fruit of the Loom women's underwear is estimated to be P = 25 ? 3Q (in cents). If the cost to Fruit of the Loom to produce an item of women's underwear is C(Q) = 1 + 4Q (in cents), compute the number of women's underwear items that should be packaged together.
A. 7 B. 1 C. 4 D. 3
People who are only working part-time, but want to be working full-time, are classified officially as:
A. unemployed and in the labor force. B. unemployed and out of the labor force. C. employed and in the labor force. D. employed and out of the labor force.
Michael Dell was the first individual who sold computers by mail order. The company founded by Dell is now one of the largest and most successful computer companies in the United States. Michael Dell would be classified as a(n)
A. socialist. B. monopolist. C. entrepreneur. D. opportunist.