Kane just lost her job as a dock worker. Her former salary was $750 per week. She receives $350 in unemployment insurance while she is actively looking for a new job. She sees a job she is qualified for that pays $600 per week. What is the opportunity cost per week of remaining unemployed?
a. $250
b. $350
c. $600
d. $950
a. $250
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Land suitable for growing wheat can also be used to farm dairy cattle. Therefore, from the farmer's perspective, an increase in the price of wheat tends to
A) reduce the demand for wheat. B) increase the demand for dairy cattle. C) decrease the cost of farming dairy cattle. D) increase the cost of farming dairy cattle.
Price fixing is collusive and illegal under U.S. antitrust laws. Predatory pricing, price discrimination, and tying have less obvious effects and are sometimes practiced by non- colluding oligopolists. Describe at least two of these strategies and explain the circumstances under which they raise regulatory concern.
What will be an ideal response?
Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually has to pay for it.
Indicate whether the statement is true or false.
If you grant that the long-term benefits of Head Start are in doubt and focus, instead, on the short-term benefits, you find that
A. children in Head Start are more likely to need special education classes. B. children in Head Start are less likely to repeat first or second grade. C. Head Start has no effect there either. D. Head Start children do much worse in Kindergarten.