What type of market exhibits product differentiation?
A) perfect competition
B) monopolistic competition
C) oligopoly
D) monopoly
B
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For 2016, the maximum taxable income for Social Security purposes is
A. $118,500. B. $97,500. C. unlimited. D. $51,125.
The ________ is the number of unemployed divided by the labor force and the ________ is the labor force divided by the adult population
A) unemployment rate; employment rate B) unemployment rate; employment ratio C) unemployment ratio; participation rate D) discouraged worker ratio; employment rate
All other things being equal, a business making shirts would choose not to expand when
a) marginal revenue per shirt equals $7, and marginal cost per shirt equals $10. b) marginal revenue per shirt equals $20, and marginal cost per shirt equals $10. c) marginal revenue per shirt equals $11, and marginal cost per shirt equals $10.
Which of the following is an example of consumption?
a. The town council of Oak City pays the salaries of its employees. b. The stores in Oak City expand their inventories of goods for sale. c. The residents of Oak City buy thousands of hotdogs over a holiday weekend. d. The manufacturers in Oak City spend millions of dollars on new robotic machines.