Josh is a full-time college student who is not working or looking for a job. The Bureau of Labor Statistics counts Josh as
a. unemployed and in the labor force.
b. unemployed but not in the labor force.
c. in the labor force but not unemployed.
d. neither in the labor force nor unemployed.
d
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Assume that Alex would like to purchase a combination of product A and product B such that, after he is done spending his limited income, the MUa / Pa = 8 and MUb / Pb = 4. To maximize utility without spending more money, Alex should
A. purchase more of both product A and product B. B. purchase less of product A and more of product B. C. purchase more of product A and less of product B. D. make no change in purchases of products A and B.
According to the Department of Justice merger guidelines, a proposed merger between two firms may be challenged if the post-merger Herfindahl-Hirschman Index
A) lies between 1,000 and 1,800 and the merger raises the Index by more than 100 points. B) lies above 1,800 and the merger raises the Index by less than 50 points. C) lies between 1,000 and 1,800 and the merger raises the Index by 50 points. D) lies below 1,000 and the merger raises the Index by 100 points.
The average duration of unemployment across the labor force is about
A) 25 weeks. B) 15 weeks. C) 8 weeks. D) 4 weeks.
Every time you make a __________, you incur a(n) __________
A) decision; efficient effect B) choice; opportunity cost C) competitive move; price D) decision; mistake E) none of the above