To be unemployed, a person must be without a job and actively looking for work.
Answer the following statement true (T) or false (F)
True
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Government intervention becomes necessary when self-interest leads to
a. increased profits. b. laissez-faire. c. the undermining of competition. d. the law of diminishing returns.
A perfect price discriminator receives a price equal to marginal revenue for each unit
What will be an ideal response?
If an additional dollar spent on monitoring would reduce shirking by 10 minutes, then the firm will increase the worker's wage by $1 if this caused
A) shirking to increase by less than 10 minutes. B) shirking to decrease by more than 10 minutes. C) shirking to decrease by less than 10 minutes. D) monitoring to become unnecessary.
In economics, "Public Saving" is defined as
a. Saving that is made public by disclosure to the IRS. b. Tax revenue minus government spending. c. National Income minus consumption. d. Deposits made at banks and other lending institutions. e. Investment in a publicly held company.