For a perfect competitor, price equals
A) marginal revenue only.
B) average revenue only.
C) both average revenue and marginal revenue.
D) neither marginal revenue nor average revenue.
C
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Production efficiency is represented by ________ a production possibilities frontier
A) all points on B) all points inside C) all points outside D) a movement along E) only one point on
Refer to Figure 10.1. The dominant strategy for ________ is to contribute
A) Daisy B) Bo C) Luke D) none of the above
When you are working, you pay more unemployment insurance than you get from it and when you're unemployed, you get more from it than you pay in. That's why the insurance is called
a. an automatic stabilizer b. an automatic destabilizer c. a discretionary stabilizer d. a destabilizing influence on the Phillips curve e. a stabilizing influence on the Phillips curve
Which of the following statements is correct?
A. About 25 percent of the U.S. population earns an income below the poverty line. B. About 50 percent of blacks earn an income below the poverty line. C. The area of the United States with the highest percentage of the population below the poverty line is the northeast. D. The area of the United States with the highest percentage of the population below the poverty line is the south.