Between 1960 and 2010, the labor force participation rate for men
A) decreased in most years.
B) increased in most years.
C) did not change.
D) fluctuated, first rising until about 1989 and after that, then falling.
E) did not change until 1992, after which it generally increased.
A
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If a market is narrowly defined, the market share of each firm declines than if it is broadly defined
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of a price floor?
A. Stock prices hit a floor lastnight B. Safeway charges $1 more than Fred Meyer charges for a 5 pound bag of sugar C. The government guarantees that potato farmers will receive at least $50 a ton D. The lowest price of gasoline this year was $2 per gallon
Which of the following situations would be examples of price discrimination?
A. United Airlines charges customers who book 14 days ahead a lower price than those who don't. B. Chevron gas stations charges customers 20 cents more per gallon if they choose the premium grade over the regular unleaded. C. The local carwash charges drivers of minivans and large SUVs a $2.00 "large vehicle" surcharge. D. GEICO, an insurance company, charges higher rates to those who received more than one speeding ticket in the last 6 months.
Tradable pollution permits
a. have prices that are set by the government. b. will be more valuable to firms that can reduce pollution only at high costs. c. are likely to create a higher level of total pollution. d. are less desirable than command-and-control policies to reduce pollution.