Tag: Economics – Others

Suppose a country’s labor force is 153.1 million (of whom 140.8 million are employed). What is the country’s unemployment rate? Round your answer to the nearest tenth.Provide your answer below:
Answer:
Submit

9Which type of work is typically autonomous, varied, and often a secondary source of income?
Multiple Choice
Choose one:
eBookservice work
gig work
knowledge work
industrial work
technological work

A company might charge a customer different prices per unit, depending upon the number of units purchased. This is called
bundling.
two-part tariff.
price discrimination.
block pricing.

A good or service that you buy in a private market. Explain why you think the good or service is best provided by the private sector. Does the government regulate this particular market? (MPO 1.1)

Capitalism is called that because theis(are) privately owned.

At any price below equilibrium price, or price ceiling, quantity demanded will quantity supplied resulting in a persistent excess demand or shortage of product.
be less than
be equal to
be greater than

According to the above table, the country will import the good if the world price is less than and will export the good if the world price is more than
$4; $4
$10; $10
$8; $4
$6; $6
$4; $8

Question 11 ptsFor each of the following goods, would you expect the supply to be elastic or inelastic? Provide explanations for each of your rationales.a. oilb. toothpicksc. Picasso paintings

Question 5
Which of the following terms is the sum of all final goods and services purchased in an economy?
Factor market
Resource cost/income approach
GDP growth
Expenditure approach

In this lecture, we defined an economy that is organized around mass production and mass consumption as a:
Fordist economy
Individual economy
Flexible economy
Democratic economy