All persons over age 16 who are either working for pay or actively seeking paid employment refers to:
A. Per capita GDP.
B. The labor force.
C. The unemployment rate.
D. The CPI.
B. The labor force.
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Bond rating agencies are important in the channeling of funds to __________ firms in __________-oriented systems
A) small; banking B) small; markets C) large; banking D) large; markets
If Best Paints and Paint with Us are competing in a duopoly and it is always best for Best Paints to charge a price of $20 per gallon of paint regardless of the price Paint with Us charges, then charging $20 is ________ for Best Paints.
A) a dominant, but not pure strategy B) a dominant and pure strategy C) a pure, but not dominant strategy D) neither a dominant nor pure strategy
Later, the teaching assistant in Eleanor's economics course gives her some advice. The teaching assistant says, "Based on past experience, working on 12.5 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading. Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she have spent working on problems and how many should she have spent reading?
What will be an ideal response?
A price floor in a competitive market will result in persistent shortages of a product.
Answer the following statement true (T) or false (F)