An internet radio broadcast is
a. excludable and rival in consumption.
b. excludable and not rival in consumption.
c. not excludable and rival in consumption.
d. not excludable and not rival in consumption.
d
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All of the following describe trends in U.S. labor markets except:
A. a slowdown in real wage growth since the 1970s. B. substantial growth in real ages during the last century. C. substantial growth in the level of employment in the United States. D. growing wage equality in the United States in recent decades.
Which of the following is true?
A. Twenty-five percent of Americans were officially unemployed in 1933. B. The United States' economy expanded steadily from 1933 to 1937. C. Once the Great Depression began in 1929, the United States' economy moved steadily downhill until 1933. D. All of the choices are true.
Two firms in an industry act as a cartel, with each firm agreeing to charge a price of $16 and sell two units of output. If one of them cheats and produces two more units of output, the cheating firm's total revenue increases by ______ and the other firm's total revenue decreases by ______.
Fill in the blank(s) with the appropriate word(s).
Productivity of an input is the amount of output produced per unit of input.
Answer the following statement true (T) or false (F)