Knowledge workers have
A) relatively less bargaining power.
B) relatively more bargaining power.
C) constant bargaining power.
D) the management structure above them.
B
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As a general rule, oligopoly exists when the four-firm concentration ratio:
A. exceeds the Herfindahl index. B. is less than the Herfindahl index. C. is 40 percent or more. D. is 15 percent or more.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.
U.S. goods will become relatively less expensive than goods from other countries if prices were to:
A. increase in the United States only. B. decrease in the United States only. C. increase in the United States and foreign countries at the same rate. D. decrease in the United States and foreign countries at the same rate.
The basic ingredients in any economic decision are
a. scarcity and choice. b. surpluses and shortages. c. market prices and the use of efficient production methods. d. needs and wants.