Response to the energy crisis of the early 1970s did not include
a. gasoline "rationing by waiting."
b. gasoline "rationing by price."
c. increased bureaucratic involvement.
d. Americans insulating their homes.
b. gasoline "rationing by price."
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When the economy is going strong the:
A. demand for workers increases. B. supply of workers increases. C. demand for workers decreases. D. supply of workers decreases.
Earnings differentials cannot be explained at all by differences in productivity
a. True b. False Indicate whether the statement is true or false
Full employment is the situation in which the economy operates at an unemployment rate equal to the sum of:
A. structural and frictional unemployment. B. cyclical and frictional unemployment. C. structural and cyclical unemployment. D. structural, frictional, and cyclical unemployment.
Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit.Table 19.3Michael's Utility ScheduleUnits of ColaTU of ColaMU of ColaUnits of PretzelsTU of PretzelsMU of Pretzels14040130302 322 2039624366164112 478 5124 584 In Table 19.3, what is the marginal utility of the fifth unit of cola?
A. 24. B. 6. C. 12. D. 16.