Restaurants' demand for cooks and waiters is inseparably linked to the supply of __________
Fill in the blank(s) with correct word
restaurant meals
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From the airlines' perspective, amenities competition is preferable to price competition because revenues are not adversely affected and it is easier to determine the strategies of one's competitors
Indicate whether the statement is true or false
Because policies in the United States were too expansionary from 1965 through 1973, the U.S. suffered
A) demand-pull inflation. B) cost-push inflation, as workers sought higher wages in order to keep up with inflation. C) both demand-pull and cost-push inflation. D) neither demand-pull nor cost-push inflation.
If social cost exceeds private cost, there is
A) underproduction of a good. B) a negative externality. C) a positive externality. D) too little economic profit in the activity.
Which of the following statements is most accurate about the role of minorities in the U.S.?
a. The armed services were desegregated before World War II. b. Although African Americans had historically lived on agricultural areas, by 1970 about 75% of African Americans lived in urban areas. c. During World War II, there was a large increase in demand for hiring highly skilled Japanese-Americans.