Since 1950, it can be observed that the female participation rate in our labor force has
A) increased.
B) decreased.
C) stayed constant.
D) moved erratically up and down.
A
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Sammy's Inc competes with a few other firms because there are natural barriers to entry. Sammy's operates in
A) a perfectly competitive market. B) an oligopoly. C) a monopolistically competitive market. D) a monopoly. E) a natural monopolistically competitive market.
Refer to the above figure. As more and more firms are able to and actually do enter the industry, the demand curve of each firm and its marginal revenue curve
A) will shift inward until the demand curve is tangent to the average total cost curve. B) will become vertical. C) will become upward sloping. D) None of the above will occur.
The "kinked" oligopoly demand curve is a result of the assumption by an oligopolist that:
a. price increases will be matched, but price reductions will not. b. price increases will not be matched, but price reductions will. c. both price increases and price reductions will be matched. d. neither price increases, nor price reductions will be matched.
The poverty income threshold in the United States was originally calculated by
A. multiplying a nutritionally adequate food plan for emergency use by 5. B. multiplying a nutritionally adequate food plan for emergency use by 2. C. multiplying a nutritionally adequate food plan for emergency use by 4. D. multiplying a nutritionally adequate food plan for emergency use by 3.