John Steinbeck's Cannery Row describes a character who takes his own life because of poor job prospects. If he was an unemployed person who gave up looking for work, he would be considered
a. chronically unemployed
b. a discouraged worker
c. a member of the labor force
d. a Bureau of Labor Statistics economic casualty
e. cyclically unemployed
B
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An outward shift in the consumer demand for wheat will
A) raise the price of wheat and shift inward the marginal revenue product of labor producing wheat. B) lead to more capital and less labor used in producing wheat. C) raise the price of wheat and shift out the marginal revenue product of labor producing wheat. D) lead to downward pressure on the wages of those producing wheat.
What is the total profit to the monopolist from selling the goods separately?
a. $12,000 b. $13,000 c. $11,000 d. $10,000
ZappIt Co produces limited edition action figures and is willing to receive $100 per figure. In 2015, the market price for an action figure went up from $125 to $150 . In 2016, the market price for an action figure decreased from $150 to $130 . The producer surplus received by ZappIt Co _____
a. increased in 2015, but decreased in 2016 b. decreased in both 2015 and 2016 c. decreased in 2015, but increased in 2016 d. increased in both 2015 and 2016
Maria and Jose installed a "nanny-camera" in their home so that they can view how the nanny is interacting with their children while they are at work. What type of problem are they trying to combat?