In reality, it is ________ that managers flip a coin to make decisions; but actual randomness ________ desirable in certain situations.
A) common; can
B) rare; cannot
C) rare; can
D) common; cannot
C) rare; can
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For the past decade, the unemployment rate in Western Europe has been higher than the unemployment rate in the United States
Based on this fact, is the natural unemployment rate larger in Western Europe or in the United States? Why might the natural rates differ between the two areas?
Suppose a decrease in price increases quantity demanded from 8 to 12. Using the mid-point formula, the percentage change in quantity demanded is:
A. 0.1, and is elastic. B. 40 = 400 percent. C. 0.40 = 40 percent. D. 0.40 = 40 percent.
Explain the impact of: 1 . A rent ceiling set below the equilibrium price. 2 . A price floor set above the equilibrium price
Suppose that a consumer is at an optimum consuming A and B. If the price of A falls, then to get to a new equilibrium the consumer must
A) purchase less A and more B. B) purchase less B and less A. C) purchase more A. D) purchase more B.