When Smartville's personal computer assembly plant closed, 30% of the community's labor force was laid off. Following this event Joe's New Car Dealership (NCD, Inc) complained because the __________ new cars __________
a. quantity supplied of; fell
b. supply of; increased
c. quantity demanded of; fell
d. demand for; fell
e. demand for; was unchanged
D
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Labor productivity typically rises when ________
Fill in the blank(s) with the appropriate word(s).
The unemployment rate is interpreted as the percentage of the
A. able-bodied population who are not working. B. labor force that are not employed. C. workforce that have been laid off. D. adult population who are unemployed.
A philosophical influence on the European model was:
a. Buddhism b. Adam smith. c. Mercantilism d. Confucianism e. Ricardo
Refer to the above payoff matrix (in years of sentence) for two people (A and B) charged for robbery. Which of the following is the outcome of the dominant strategy without cooperation?
A. A confesses while B does not confess. B. A does not confess while B confesses. C. Both A and B confess. D. Both A and B do not confess.