Ryan Black does not work and has not looked for work because of a disability. He is:
a. a member of the civilian labor force who is employed.
b. a member of the civilian labor force who is unemployed.
c. a member of the civilian labor force who is underemployed.
d. a discouraged worker who is not a member of the labor force.
e. not a member of the labor force.
e
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Movie theaters charge lower prices to see a movie in the afternoon than in the evening because there is an:
A. Inelastic supply of movies in the evening B. Elastic demand to see movies in the evening C. Elastic demand to see movies in the afternoon D. Inelastic demand to see movies in the afternoon
How will the price and output of a monopolist compare with perfect competition?
A. The output of the monopolist will be too large and the price too high. B. The output of the monopolist will be too large and the price too low. C. The output of the monopolist will be too small and the price too high. D. The output of the monopolist will be too small and the price too low.