In which of the following markets are demand and marginal revenue equal?
A) Monopoly, oligopoly, and monopolistic competition
B) Monopoly, oligopoly, and perfect competition
C) Perfect competition only
D) Monopolistic competition only
Ans: C) Perfect competition only
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If the number of people unemployed rose but the number of people employed and the adult population stayed the same, then the labor force participation rate would rise
a. True b. False Indicate whether the statement is true or false
When it comes to figuring out who wants to be an organ donor, the answer depends on:
A. the default rule. B. whether presumed consent exists in the organ donation program. C. how you ask the question. D. All of these statements are true.
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Which of the following categories accounted for the largest percentage of total federal government expenditures in recent years?
A. income security B. national defense C. education and health D. interest on the national debt