If an event is likely to occur, which probability is a reasonable estimate?
A) 0.32
B) 0.79
C) 1
D) Not enough information to determine.
B
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_____ unemployment is experienced by a customer service representative who is laid off from a job because new technology reduces the need for people to handle customer service inquiries
a. Seasonal b. Cyclical c. Voluntary d. Structural e. Frictional
Which of the following is an injection into the circular flow?
a. household saving and government spending b. business investment and household saving c. net taxes and household saving d. government spending and business investment e. net taxes and government spending
If people are self-interested, why does anyone give money to public radio?
A strike
A. hurts the firm's management and shareholders but not the union members. B. is always in the firm's best interest. C. is never in the best interest of the rank and file. D. can be a rational response during the union-firm negotiation process. E. is a Pareto optimal outcome.