The oligopolist’s dilemma is similar to the

oligopolists dilemma

oligopolists dilemma, Q44. The oligopolists dilemma is similar to the    a. dilemma that firms in perfect competition face in setting price    b. dilemma a monopolist faces in determining output    c. prisoner’s dilemma    d. dilemma a firm in monopolistic competition faces in determining price and output Q45. The federal minimum wage law seeks to    a. maximize employment for low wage occupations    b. shift employment from low wage to high wage industries    c. create a floor for wages    d. index wages to the CPI Q46. Underemployment includes employed workers not performing at full capacity.    a. true    b. false Q47. Unemployment caused by an imbalance between the skills possessed by workers and the skills demanded in labor markets is known as    a. structural unemployment    b. imbalance unemployment    c. frictional unemployment    d. cyclical unemployment Q48. Frictional unemployment is caused primarily by automation.    a. true    b. false Q49. The amount of unemployment that arises because workers are temporarily between jobs or new entrants to the labor force is known as    a. structural unemployment    b. cyclical unemployment    c. frictional unemployment    d. induced unemployment Q50. Foreign outsourcing refers to the    a. exporting of domestic jobs    b. exporting of domestic goods    c. selling of Treasury bonds to foreigners    d. importing of oil from U. S. companies abroad

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