“We know there are a lot of people in the unemployment pool that do not match up in their skill set forwhat jobs are going to be created, and that’s an area we’ve got to keep pressing on.” —Austan Goolsbee, economics professor at the University of Chicago Booth School of Business,January 10, 2012 In this quote, Professor Goolsbee is discussing

Who would benefit more from a purely competitive market structure, producers or consumers? Explain.

Some businesses are not organized to maximize profits. Instead their goals are to work for the good of all their members or to work for the good of society in general. What types of businesses is this passage describing?

Some businesses are not organized to maximize profits. Instead their goals are to work for the good of all their members or to work for the good of society in general. What types of businesses is this passage describing?

Suppose that a firm seeks to enter a market, but it quickly realizes that its employees do not have the technical skills needed for the firm to compete in that market.  What do economists call the factor that is keeping this firm out of that market?

Purely competitive markets are

What’s the difference between the deficit and the debt?

What is the most common diagnostic tool used to differentiate between CHF and bronchospastic disease?

What’s the difference between the deficit and the debt?

Which of the following is a characteristic symptom of chronic bronchitis?