If unemployment persists for a long period of time, the natural rate of unemployment rises
Indicate whether the statement is true or false
TRUE
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Forward transactions originated in the market for
A) common stock. B) corporate bonds. C) government bonds. D) agricultural and other commodities.
Federally provided agricultural subsidies in the United States have ________ with the passage of the 2002 Farm Security Act and the 2007 Food, Security, and Bioenergy Act
A) been abolished B) been maintained C) increased to the level of EU price supports D) been made a function of tax revenues
The federal personal income tax is
A. direct and regressive. B. direct and progressive. C. indirect and regressive. D. indirect and progressive.
When a natural monopoly exists in an industry, which statement will be true?
a. The per-unit costs of production will be lowest when there are numerous producers in the industry. b. The per-unit costs of production will be lower for the smaller firms than for the larger firms. c. The per-unit costs of production will be minimized at the output that maximizes the industry's profitability. d. The per-unit costs of production will be lowest when a single firm generates the entire output of the industry.