The figure above shows the market for coffee. The ________ price that producers must be offered to get them to produce 30 million pounds of coffee per month is ________
A) maximum; $2.50
B) minimum; $2.50
C) maximum; $4.00
D) minimum; $4.00
D
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Cyclical unemployment
A) decreases during a recession. B) is higher during an expansion. C) is always a constant amount of unemployment. D) fluctuates over the business cycle. E) fluctuates but not in response to the business cycle. Consider the following people: ? Chris quits his job as an automobile mechanic to pursue his college education full-time. ? Darrelo was laid off from her technical support job because of a strike by production workers and is currently looking for a new job. ? Rita graduated from college and is currently looking for a job. ? Armondo quit his old job and will begin his new job in four days. ? Thorton was fired from his job as a steel worker because of massive imports of steel and he is looking for a new job. ? Jung was laid off from his job as an appraiser because the firm's business declined because of a general downturn in the economy and he is currently looking for a new job as an appraiser.
Workers who dislike risk
A) prefer to be paid a salary rather than a wage. B) prefer a salary system to a commission compensation system. C) prefer to be paid monthly rather than weekly or daily. D) prefer a piece-rate compensation system to a salary system.
If the federal funds rate is __________ the equilibrium interest rate, banks would try to __________ in the federal funds market
A) above; borrow B) below; lend C) below; borrow D) None of the above.
If the company plans to produce 9 machines, which technology should the firm choose?
a. The low-marginal-cost technology b. The high-marginal-cost technology c. Either technology because they are equally cost efficient d. Need more information