Under oligopolistic market conditions,
a. the pricing actions of any one firm have no significant effect on the others.
b. the pricing actions of any one firm have a significant effect on the others.
c. no firm can have any control over its output price.
d. all firms have identical prices for their products.
b. the pricing actions of any one firm have a significant effect on the others.
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When total planned real expenditures change due to the changes in net exports, this is known as the
A) interest rate effect. B) real-balance effect. C) open economy effect. D) aggregate balances effect.
Who among the following is neither employed nor unemployed?
a. Veronica, currently jobless because the company she worked in went out of business but who is available for work. b. Robin, who is a journalist working as a news reporter in B2B News Channel c. Mitch, who mows lawns in his neighborhood but does not report his income d. Robert, who works part-time at Kent's Snack Bar as he wants more time to study
According to the Bureau of Labor Statistics, a person who is not working and is not looking for work is
A. considered unemployed. B. considered underemployed. C. counted as a "not currently working" member of the labor force. D. not a member of the labor force.
The government might provide a subsidy when
A) a negative externality exists. B) an effluent fee has been unsuccessful. C) it wants to increase the amount of a good consumed. D) it wants to transform a negative externality into a positive externality.