An industry which has a 4-firm concentration ratio near 0 would best be described as
A. oligopoly.
B. monopoly.
C. perfect competition.
D. monopolistic competition.
Answer: C
Economics
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Customer service representatives who have lost their jobs as a result of call centers being outsourced to India are an example of
A) structural unemployment. B) voluntary unemployment. C) frictional unemployment. D) cyclical unemployment.
Economics
Sam lives next to The Party Pub and its outdoor "beer garden" that features live music. An economics major, Sam considers this a positive externality. Dave, another economics student, lives next to The Party Pub too, but he considers the music a negative externality. Which student, if either, is correct? Why?
Economics