Derrick loses his job, but does not look for work. Which of the following are consequences of this change in Derrick's status?
a. unemployment rises and the labor force is unchanged
b. unemployment rises and the labor force falls
c. unemployment and the labor force are unchanged
d. unemployment is unchanged and the labor force falls
d
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When members of Congress vote to pass new legislation, they will
A) fail to consistently represent the underlying preferences of voters. B) always vote for the alternative favored by a majority of the voters. C) always fail to represent the underlying preferences of voters. D) always vote for the alternative favored by a plurality of the voters if there is no majority position.
If a firm decides to produce a product that it once purchased from a firm upstream it has made a
A) horizontal decision. B) make or buy decision. C) downstream decision. D) sell or service decision.