An increase in human capital will decrease output.
Answer the following statement true (T) or false (F)
False
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If Best Dogs only sells their hot dogs in packages of eight, all of the following are true except which one?
A) Best Dogs' customers are spending the consumer surplus they would have received on the first few hot dogs on the last few hot dogs. B) Best Dogs has market power. C) Best Dogs is practicing second-degree price discrimination. D) Best Dogs is changing consumer surplus into profit.
A labor union is a group of workers and business owners who join together to improve working conditions
a. True b. False
In a market where the price is restricted by price floors or price ceilings,
a. all sellers will be able to sell everything they produce. b. surpluses and shortages will exist. c. all buyers will get what they want. d. disequilibrium will automatically correct itself. e. surpluses and shortages will put pressure on the price to move to its equilibrium.
In an economy with a population of 100 million persons, 42 million hold civilian jobs and 6 million are not working but are looking for jobs. The number counted as unemployed is
a. 48 million. b. 6 million. c. 36 million. d. 52 million. e. 58 million.