Which country has the highest unemployment rate?
a. Spain
b. Germany
c. Sweden
d. France
A
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Firm A and Firm B produce the same goods but with different inputs. If the inputs used by firm A are more easily available than the inputs used by firm B, then which of the following statements is true?
A) The elasticity of supply of firm A and firm B will be equal. B) The elasticity of supply of firm A will be higher than the elasticity of supply of firm B. C) The elasticity of supply of firm A will be lower than the elasticity of supply of firm B. D) The elasticity of supply of firm A and firm B cannot be compared without information on price change.
Means-tested programs tend to favor
a. those with high income as would a consumption tax. b. those with high income while a consumption tax would favor those with low income. c. those with low income as would a consumption tax. d. those with low income while a consumption tax would favor those with high income.
C4 and HHI tend to ________ the concentration in a domestic industry.
A. overstate B. understate or overstate, depending on the true geographic market C. understate D. provide different rankings of
In the flow of income and spending, saving and investment are, respectively:
A. An injection and a leakage B. A leakage and an injection C. Wealth and income D. Income and wealth