Who among the following is neither employed nor unemployed?
a. Susan, who is currently jobless because of an accident but is available for work
b. Greg, who is a doctor working at a community hospital
c. Steve, who is a civil engineer working for a construction company
d. Izzie, who is currently jobless and has given up her job search due to market-related reasons
d
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Firms are considered to be price searchers, as opposed to price takers, in all of the following market types except:
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.
Suppose a wind turbine is located in a residential area. The noise from the turbine imposes a cost on the households that live near the turbine. However, if the turbine company has to reduce the noise level, it has to incur huge costs, which will significantly reduce the value of the turbine operation. According to the Coase Theorem, which of the following is the best solution? a. The turbine
company should be assigned the property rights to operate in the locality. b. The households in the locality should be assigned the property rights to stop any noise pollution from the turbine operation. c. The government should impose a command-and-control regulation. d. The property rights can be given to either party, provided the rights are clearly specified.