In a monopolistically competitive market, a successful new restaurant
A) can earn economic profits in the long run if it uses barriers to restrict entry by new restaurants.
B) must obtain a trademark to ensure that it will break even in the long run.
C) will face high entry barriers because of health and safety regulations to which all restaurants are subject.
D) will earn zero economic profit in the long run because of free entry, but competition will lead restaurants to offer different versions of the same product.
D
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A discouraged worker might ________
A) be counted as unemployed B) have tried to find a job during the month prior to the household survey, but without success C) have been prevented from working during the week prior to the household survey, due to illness or other temporary circumstances D) be waiting to return to a job from which he or she has been laid off E) none of the above
The Gallatin Plan (1808) was not passed because some individuals questioned its constitutionality
Indicate whether the statement is true or false
Fluctuations in investment: a. account for almost all of the variability in gross domestic product (GDP) only during expansions. b. account for little of the variability in gross domestic product (GDP)
c. account for almost all of the variability in gross domestic product (GDP) only during recessions. d. are larger during expansions than during recessions. e. account for more of the variability in gross domestic product (GDP) than consumption.
In the open-economy macroeconomic model, net capital outflow links the markets for loanable funds and foreign-currency exchange
a. True b. False Indicate whether the statement is true or false