Refer to the information provided in Table 22.3 below to answer the question(s) that follow. Table 22.3
Refer to Table 22.3. The labor force equals
A. 95,000 people.
B. 100,000 people.
C. 175,000 people.
D. 180,000 people.
Answer: B
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The table above indicates how many thousands of containers of ice cream three different companies are willing to produce at different prices. Does this information reflect the law of supply? Why or why not?
What will be an ideal response?
Describe the market structure of the beverage industry
What will be an ideal response?
Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. What is the probability of drawing a blue marble in the first game?
A. 25 percent B. 20 percent C. 50 percent D. 75 percent
President Obama is an advocate of free trade, but which of the following actions is contrary to free trade?
A. closing the Cuban prison B. not getting the immigration problem solved. C. imposing a 35% tax on imported tires. D. implementing the stimulus plan.