Which of the following industries most closely approximates the conditions of the oligopoly model?

a. legal services
b. retail clothing
c. milk
d. breakfast cereals

d

Economics

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In the economic way of thinking, what do entrepreneur's and bureaucrats have in common?

A) They each advance projects solely in the public interest. B) They each advance projects only if the expected marginal benefits exceed the expected marginal costs. C) They each advance projects only if the expected marginal benefits are less than the expected marginal costs. D) They each advance projects only if they impose no negative externalities.

Economics

Using a broader measure of the unemployment rate where discouraged workers and part-time workers who wished to work full time were counted as unemployed, the BLS estimates the unemployment rate in August 2015 would have ________ compared to the

measured unemployment rate. A) barely changed B) decreased by less than 1 percentage point C) more than doubled D) increased by more than 7 percentage points

Economics