Harry works at the video rental store for 20 hours per week. He's asked his boss to allow him to work 40 hours per week, but has been told that business is too slow. Harry is considered
A) a discouraged worker.
B) an involuntary part-time worker.
C) a marginally attached worker.
D) not in the labor force.
E) a job seeker.
B
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We would expect the cross-price elasticity of demand between dress shirts and ties to be ________, indicating that they are ________
A. positive; secondary goods. B. negative; complements. C. negative; substitutes. D. positive; complements.
Rent seeking:
A. results in externalities. B. results in less monopoly power. C. involves resources paid to politicians to enhance one group at the expense of another. D. None of the statements are correct.
People acting in their own self-interest is the basis of the:
A. principle of supply and demand. B. principle of voluntary exchange. C. real-nominal principle. D. principle of scarcity.
Refer to the information provided in Figure 3.7 below to answer the following question(s).
?Figure 3.7Refer to Figure 3.7. If pizza and burritos are substitutes, a decrease in the price of burritos will cause a movement from Point B on demand curve D2 to
A. Point A on demand curve D2. B. demand curve D1. C. Point C on demand curve D2. D. demand curve D3.