All of the following, except one, would shift the demand curve for pizza makers to the right. Which is the exception?
a. a decrease in the wage rate of pizza makers
b. an increase in the demand for pizza
c. a decrease in the price of pizza ovens
d. an increase in the number of pizza parlors
e. an improvement in the technology of making pizza
A
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An increase in the unemployment rate may be represented as a movement from a point on the production possibilities frontier to a different point on the frontier
Indicate whether the statement is true or false
What is one of the biggest differences between a sole proprietorship and a corporation?
A) Sole proprietorships offer stock. B) Corporation shareholders elect the managers of the firm. C) Sole proprietorships have limited liability. D) Corporations are the only profitable firms.
Classicals:
A. generally favor laissez-faire policies. B. believe that all unemployment is cyclical unemployment. C. believe that frictional unemployment does not exist. D. generally favor activist government policies.
In which of the following market models do demand and marginal revenue diverge?
A. Pure monopoly, oligopoly, and monopolistic competition. B. Pure monopoly, oligopoly, and pure competition. C. Pure monopoly only. D. Oligopoly only.