Which are friendships which cause the development of in-groups and out-groups?
a. unions
b. fraternities
c. vertical-dyad linkages
d. group contributions
Ans: c. vertical-dyad linkages
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Describe the basic characteristics of the monopoly model and explain how these characteristics affect the ability of a monopolist to earn positive economic profits, both in the short run and over time
What will be an ideal response?
Refer to the game between James and Theodore depicted in Figure 12.2. Which of the following is true?
A. If James chooses Up, Theodore's best response is to choose Right.
B. If James chooses Down, Theodore's best response is to choose Left.
C. If Theodore chooses Left, James's best response is to choose Up.
D. If Theodore chooses Right, James's best response is to choose Up.
Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the civilian labor force is
a. 30. b. 60. c. 85. d. 90. e. 70.
Output Total Cost015125233340448558670
Refer to Table 5.5. The total variable cost of producing five units of output is:
A. $8.60. B. $43. C. $48. D. $58.