Recently the Market Has Been Flooded with a Large Number

question 56

Multiple Choice

Recently the market has been flooded with a large number of rice suppliers.Since rice is a standardized product, the price for rice will be set according to the laws of supply and demand.This is an example of:

• A)a monopoly.
• B)oligopolistic competition.
• C)monopolistic competition.
• D)pure competition.
• E)less price competition.

Understand the categorization of unemployed individuals, including marginally attached workers and discouragement in job search.

Distinguish between different types of unemployment: cyclical, frictional, structural, and their impact on the economy.

Evaluate the effects of unemployment insurance and policies on job search behavior and the economy.

Interpret data tables related to employment and unemployment for analysis.

---

Definitions:

Contract Law

A domain of law that governs the creation, execution, and enforcement of agreements between parties.

Corporate Law

Law that governs the formation, financing, merger and acquisition, and termination of corporations, as well as the rights and duties of those who own and run the corporation.

Public Prosecutor

An attorney whose official duty is to conduct criminal proceedings on behalf of the government or the public interest.

Own Businesses

The act of possessing, establishing, and managing one's commercial ventures or enterprises independently.