Billie's Billiard Barn has seen its business slow down ever since Patti's Ping Pong Parlour opened up across the street
Since the opening of Patti's Ping Pong Parlour, the opportunity cost of shooting pool at Billie's Billiard Barn has ________ for Billie's customers who also like to play ping pong.
A) not changed. B) decreased. C) fallen to zero. D) increased.
D
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All of the following represent differences between stocks and bonds except
A) the future growth of a stock is more uncertain than the payments of a bond. B) differences of opinion about a stock's future may vary considerably but there is less difference about a bond's future. C) bonds represent partial ownership in a firm but stocks do not. D) a stock can possibly pay dividends forever, but bonds have a fixed number of payments.
If individuals are paid the wage at which the supply of labor is equal to the demand for labor,
A) no unemployment exists, and workers have no incentive to shirk. B) no unemployment exists, and workers have an incentive to shirk. C) some unemployment still exists, but workers have no incentive to shirk. D) some unemployment still exists, but managers can tell whether or not workers are shirking.