Examples of monopolistically competitive industries in which firms differentiate their products by offering them at more locations include all of the following except:
A. restaurants.
B. video rental stores.
C. retail clothing stores.
D. wheat farms.
Answer: D
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Which group below will generally have a more difficult time finding employment if a nation's minimum wage were increased?
A) Those with more work experience B) Those who are among the younger job seekers C) Those who form the majority race in the population D) All of the above.
Other things remaining the same, the higher the current exchange rate, the larger is the expected profit from buying dollars
Indicate whether the statement is true or false
The most appropriate countercyclical policy, or stabilization policy, in times of unemployment, according to classical economists, is for the government to:
a. increase the minimum wage. b. impose wage and price controls. c. stimulate aggregate demand. d. cut taxes. e. do nothing.
Recent data suggests that the percentage of the population in poverty for African-American families is approximately five times that of white families.
Answer the following statement true (T) or false (F)