Which one of the following statements is NOT correct?
A) Unemployment can occur even when an economy is growing.
B) The line between frictional and structural unemployment is sometimes hard to draw.
C) The natural rate of unemployment is estimated to be between 5 percent and 6.5 percent in the U.S.
D) The term "full employment" means that 100 percent of the labor force is employed.
D
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If the reserve ratio is 5 percent, then the money multiplier is approximated to be:
A. 10. B. 5. C. 2. D. 20.
Which of the following statements about price discrimination is correct?
A. Successful price discrimination will provide the firm with more total profits than if it did not discriminate. B. Successful price discrimination will provide the firm with lower total profits than if it did not discriminate. C. Successful price discrimination occurs when there are differences in the costs of producing for different groups of buyers. D. Successful price discrimination will generally result in a lower level of output than would be the case under a single-price pure monopoly.
The minimum point of a U-shaped curve
A) is a point where the variable is neither increasing nor decreasing. B) has a slope equal to zero. C) has the maximum slope possible. D) Both answers A and B are correct. E) Both answers A and C are correct.
The market-based system which allocates tradeable pollution permits to companies is known as a cap-and-trade system
Indicate whether the statement is true or false