Collective bargaining can:
A) makes it easier for workers outside a union to get jobs.
B) increase profitability of firms.
C) reduce wages.
D) increase unemployment.
D
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If quantity demanded for rice falls by 2% when price increases 8%, we know that the absolute value of the own-price elasticity of rice is:
a. 2.5. b. 0.25 c. 4.0 d. 0.40.
Refer to Figure d, which illustrates a game played by Travis and Darren. For Darren, East is:
A. the best response.
B. the dominant strategy.
C. weakly dominated.
D. dominated.
Under the 2009 jobs stimulus bill signed by President Obama, who can apply for aid after losing their job due to import competition?
a. service sector workers b. Farmers c. neither service sector workers nor farmers d. both service sector workers and farmers
With a consumption function of the form C = a + bYD, which of the following would best measure how much a recession will spread?
A. 1 ÷ (1 - b). B. Parameter a. C. Parameter b. D. Variable YD.