When the government deliberately alters its level of spending? and/or taxes in order to achieve specific national economic? goals, it is exercising

Part-time workers are defined as people who are working

A) less than 20 hours per week. B) between 20 and 35 hours per week. C) less than 35 hours per week. D) more than 10 hours per week. E) fewer hours than they would want.

Wealthy professors are more likely to shop at high end stores with shorter wait times at the cashier than poor students because

a. They value the item more than the student b. They like wasting money c. The opportunity cost of waiting in a cashier line is higher for professors than for undergraduate students d. They like to show off

This factor contributes to the winner's curse

a. your estimate of the value of the object was not the most optimistic b. your bid was the highest c. there were not many other bidders you had to beat out d. you did not shade your bid enough

Discuss some of the reasons why monopoly power is considered undesirable.

What will be an ideal response?