A. A price fall
B. A price increase
C. Excess supply
D. Excess demand
A. abundant
B. scarce
C. neither
D. can’t tell without more information
A. wages and prices are sticky
B. wages and prices are flexible
C. the economy may operate below full capacity
D. the economy is always at full capacity
E. A and C
F. B and D
A. a decline in fertility
B. The demographic transition from stage 3 to stage 2
C. increases in the ratio of labor to capital
D. an increase in the dependency ratio
A. disguised unemployed
B. cyclical unemployed
C. seasonally unemployed
D. voluntarily unemployed
A. a social cost curve that is below the supply curve (private cost curve) for a good
B. none of these answers
C. a social cost curve that is below the supply curve (private cost curve) for a good
D. a social value curve that is above the demand curve (private value curve) for a good
A. internal marketing
B. service-profit chains
C. interactive marketing
D. service differentiation