Plowback refers to the profits management decides to keep and reinvest in the firm’s operations.

Your friend recently graduated from college and is actively looking for employment. The economy has completely recovered from the last recession and your friend is taking her time, looking for the "perfect" job. In the meantime, the unemployment she is experiencing is categorized as

A) cyclical. B) structural. C) seasonal. D) frictional.

A monopolistically competitive industry is like a perfectly competitive industry in the sense that: a. non-price competition is significant in both industries

b. there are no substantial barriers to entry in both cases. c. economic profits in long run equilibrium are zero in both cases. d. both (b) and (c) are true.