During 1970-1997, the U.S. federal government was
A) in deficit every year. B) in surplus every year.
C) in deficit most of those years. D) balanced every year.
A
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An individual with good job prospects who is between jobs is best considered as
A) structurally unemployed. B) cyclically unemployed. C) not in the labor force. D) frictionally unemployed.
La Super Rica is a taco stand in Santa Barbara, California. It is popular with the locals and even the late Julia Child found the food delicious. If La Super Rica is making an economic profit, what is the probable outcome in the taco market?
A) The number of firms will increase, decreasing La Super Rica's demand. B) The number of firms will decrease, decreasing La Super Rica's demand. C) The number of firms will increase, increasing La Super Rica's demand. D) The number of firms will decrease, increasing La Super Rica's demand.
The United Steel Workers Union is an example of
A) a craft union. B) an auto union. C) an industrial union. D) a blue collar union.
What is the equilibrium condition for price discriminating monopoly firm? Give some examples for price discrimination.
What will be an ideal response?