If on Tuesday the perceived price of studying for an exam is $4 per hour but on Saturday the perceived price of studying for an exam is $10, the law of demand predicts
A) more studying on Saturday and less on Tuesday.
B) more studying on Tuesday and less on Saturday.
C) the same amount of studying on Tuesday and Saturday.
D) no studying on Tuesday or Saturday.
B
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If demand increases and supply decreases, the change in the equilibrium price will be ________, and the change in the equilibrium quantity will be ________.
A. uncertain; positive B. positive; uncertain C. positive; negative D. positive; positive
People who are not employed and are not actively looking for work, because they are fairly certain they could not find a satisfactory job, are counted by the BLS as
A) involuntarily employed. B) neither employed nor unemployed. C) unemployed members of the labor force. D) voluntarily unemployed.
Used car buyers believe a car is good quality when the seller signals the car's quality by offering a warranty because
A) car sellers would never lie. B) car buyers are gullible. C) the signal cannot be false. D) a false signal can be costly to the seller.
In 2014, ________ Americans were arrested.
A. 400,000 B. 1,600,000 C. 140,000,000 D. 11,200,000