Higher energy prices can be used to explain the productivity slowdown in the period from
a. 1948 to 1973.
b. 1973 to 1995.
c. 1973 to 1980.
d. 1995 to 2000.
c
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The term oligopoly is highly ambiguous in the absence of
A) a clear and defensible definition of the product. B) a clear price structure. C) a definition of marginal cost. D) accounting rules adequately defining net revenue. E) clear distinctions between competitive and noncompetitive industries.
Union membership rates in the U.S. are
a. highest among government employees b. highest among industrial sector employees c. highest among service sector employees d. increasing at a faster rate than the labor force e. highest among women
The price of a bond and the interest rate
A) are positively related. B) are inversely related C) are directly related. D) are linked by the capital asset pricing model.
Amy can produce either 5,000 pounds of cheese or 20 cars per year. Mike can produce either 5,000 pounds of cheese or 10 cars per year. Mike's opportunity cost of producing one pound of cheese is ________ car(s).
A. 1/500 B. 1/10 C. 1/250 D. 500