Use the table below to answer the next question.YearEmployedStructuralFrictionalCyclicalUnemployed20031,800501005020020042,400100100 30020052,000 15018050020062,66040 0140Determine the number of people frictionally unemployed for the year 2006.
A. 100
B. 200
C. -100
D. 0
Answer: A
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How does a per-unit subsidy affect the simple monopoly equilibrium?
a. The subsidy does not affect marginal cost and thus does not affect the monopoly equilibrium. b. The subsidy lowers the price charged by the monopoly, but it also lowers social gain. c. The subsidy increases the monopoly's profit but does not improve social gain. d. The subsidy causes both monopoly output and social gain to increase.
If the monopoly illustrated in the figure above could engage in perfect price discrimination, then each buyer would pay
A) $2.00. B) $3.00. C) $3.50. D) a different price.
Accounting profits at a firm's break-even point are
A) positive. B) negative. C) zero. D) indeterminate since we need to know what demand is.
Commentators on the presidential election between Bush and Gore in 2000 believe that the presence of Nader, a third party candidate:
A. drew votes away from Bush and caused him to win the election. B. drew votes away from Bush and caused him to lose the election. C. drew votes away from Gore and caused him to lose the election. D. pushed more people to vote for Bush than otherwise would have, causing him to win the election.