Provide goods and services to members
What will be an ideal response?
non-profit organizations may
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Which labor market statistic tends rise during recessions and fall during expansions?
A) the unemployment rate B) the labor-force participation rate C) the employment-to-population ratio D) aggregate hours
Refer to Scenario 13.16. If Gooi moves first, the payoff in equilibrium will be
A) $150, $0. B) $150, $300. C) $400, $150. D) $50, $50. E) $650, $450.
In the four-sector circular flow model, households will use their incomes to do all but which one of the following?
a. Save. b. Pay taxes. c. Buy domestic goods and services. d. Buy imported goods and services. e. Invest.
In the long run the prices charged by a firm in a competitive price-searcher market will be
a. high enough to provide profits to the firm. b. so low that many firms will drop out of the industry. c. equal to marginal cost. d. equal to average cost, including the opportunity cost of capital.