Fred Jaher reported to the government interviewer that he worked 40 hours last week as a stocker at a Target department store. He also said that he has a Ph.D. in history and had hoped to be a history professor. With all this information, we know that Fred is
a. a member of the labor force who is underemployed
b. a member of the labor force who is structurally unemployed
c. a member of the labor force who is frictionally unemployed
d. a discouraged worker who is not a member of the labor force
e. not a member of the labor force because he is not working at his capacity
A
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Which of the following correctly distinguishes the concepts of marginal utility and total utility?
a. Marginal utility is inversely related to the number of goods consumed, while total utility is directly related to the number of goods consumed. b. Marginal utility is directly related to the number of goods consumed, while total utility is inversely related to the number of goods consumed. c. Marginal utility is the total satisfaction provided by the consumption of a good, while total utility is the additional amount of satisfaction received from the consumption of an additional unit of a good. d. Total utility is always a positive value, while marginal utility is always a negative value.
Explain how bank regulators seem to face a bit of a paradox regarding preventing monopoly power by banks and spurring competition.
What will be an ideal response?