According to the Bureau of Labor Statistics, a person who does not have a job and has not been actively looking for a job in the past four weeks is considered
A) unemployed.
B) employed.
C) not in the labor force.
D) underemployed.
C
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An increase in money income:
A. shifts the consumer's budget line to the right. B. shifts the consumer's budget line to the left. C. increases the slope of the budget line. D. has no effect on the budget line.
Refer to the above table. If both firms choose their strategies simultaneously, then
Answer the question based on the following payoff matrix for a duopoly in which the numbers indicate the profit from either opening a coffee shop in a small town or not opening the coffee shop.
A. There is no Nash equilibrium for this game.
B. Firm A's dominant strategy is to open a coffee shop.
C. Firm B's dominant strategy is to not open a coffee shop.
D. Both firms have a dominant strategy to not open a coffee shop.