According to 2014 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the lowest labor-force participation rate?
a. white males
b. white females
c. black males
d. black females
c
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A stockholder ________ an owner of the firm, and a bondholder ________ an owner of the firm
A) might be; is not B) is; is not C) is not; is D) is not; is not E) is; is
In a market with positive externalities, the market equilibrium price will be less than the efficient equilibrium price
Indicate whether the statement is true or false
An owner of local salon realized that by decreasing the prices for haircuts, his revenue increased. This implies that
a. The demand for haircuts is elastic b. The demand for haircuts is inelastic c. The demand for haircuts is unitary elastic d. The demand for haircuts is perfectly elastic
A monopolist’s cost curves may shift down because
A. large-scale input purchases may permit the monopolist to take quantity discounts. B. of advertising expenditure. C. competitors are pushed out of the market. D. of bureaucratic inefficiencies.