Which of the following is not a variable in the index of leading indicators?
a. Average work week.
b. Duration of unemployment.
c. Employment claims.
d. New businesses.
b
Economics
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Mutual interdependence means that
A) all firms are price takers. B) each firm sets its own price based on its anticipated reaction by its competitors. C) all firms collaborate to establish one price. D) all firms are free to enter or leave the market.
Economics
A monopsony is a market in which
a. one firm is the sole producer of a good or service. b. one firm is the sole buyer of a good or service. c. firms encourage competition by starting "price wars" among competitors. d. firms collude in setting prices and levels of output.
Economics