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When technology enables the best performer in a field to supply a huge number of buyers instead of being limited to a small market, the larger market may become:

Investing in the _____ skills of your workers makes them more marketable, and investing in their _____ skills enables your firm to become more productive.

As an economist with the U.S. Equal Opportunity Commission, you’re asked to determine whether hiring policies in various industries are discriminatory. You observe that men hold 90% of aerospace engineering jobs. Which of these would constitute evidence against discrimination in the aerospace industry?

Workers on the night shift at a factory earn more per hour than workers on the day shift, although their human capital and productivity are the same. This is an example of:

(Figure: A Competitive Market in the Presence of Externalities) Use Figure: A Competitive Market in the Presence of Externalities. Given the figure, if there are external benefits, a subsidy given to sellers will:

Ari owns a hair salon in a small city. Which is NOT an effect that the opening of new hair salons in her city will have on her salon?

_____ exist(s) when the value of a good or service to an individual increases as the number of other people using the same good or service increases.

All of these government policies would create a barrier to entry in a market EXCEPT:

As the quantity sold rises, how does marginal revenue compare to price for a company with market power?

Corinne turns down a job offer with an insurance company that would have paid her $70,000 per year to start her own photographic portraiture business. She uses $20,000 of her own savings to help start the business, savings that had been providing her a return of $1,000 per year. Over her first year in business, Corinne collects total revenue of $180,000 and must cover explicit costs of $105,000. During her first year in business, Corinne’s accounting profit is _____, and her economic profit is _____.