A job advertised in an industry publication rather than a local newspaper is an attempt to
A) use access to the industry publication as a screening mechanism.
B) use access to the newspaper as a screening mechanism.
C) use access to the industry publication as a means of statistical discrimination.
D) use access to the newspaper as a means of statistical discrimination.
A
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Suppose Starbucks currently charges $3.25 per cup for its latte
If Starbucks lowers the price to $3.00 per cup, based on the demand curve in the figure above, its total revenue will ________ because the demand for Starbucks latte is ________ over this price range. A) increase; elastic B) decrease; elastic C) increase; inelastic D) increase; unit elastic E) not change; unit elastic
All but one of the following are elements of the economic way of thinking. Which one is not part of the economic way of thinking?
a. Incentives matter. b. The value of goods can be determined objectively. c. Economic thinking is marginal thinking. d. Information is scarce.