With regard to preventing entry, if identical firms act simultaneously,
A) they cannot credibly threaten each other.
B) they will all incur losses.
C) only one firm will enter the market.
D) none of them will enter the market.
A
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Some economists argue that unemployment compensation increases the natural rate of unemployment because it increases the amount of time people spending finding new work while without work
Additionally, it makes unemployment more visible with the steady growth in urbanization. Indicate whether the statement is true or false
Upward shifts are a. increases in both demand and supply
b. decreases in both demand and supply. c. increases in demand and decreases in supply. d. increases in supply and decreases in demand.
The present discounted value of $60,000 to be received at the end of three years when the interest rate is 10 percent is closest to
A. $79,860. B. $49,587. C. $45,079. D. $60,000.
The price of a good will tend to rise when
a. there is excess demand for the good. b. the supply of the good increases. c. demand for the good decreases. d. there is excess supply of the good.