If the duration of unemployment in a country increases from 16 weeks to 18 weeks, then
A) the unemployment rate will decrease.
B) the unemployment rate will increase.
C) the size of the labor force will increase.
D) the size of the labor force will decrease.
B
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Your U.S.-based company is selling parts to a company in Chile and the company will pay you 9.8 million pesos in 3 months. The current exchange rate is 490 pesos/US$. If the exchange rate at the time of payment is 510 pesos/US$
A) you earn additional profit. B) the Chilean company will end up paying more for the goods. C) the Chilean company will end up paying less for the goods. D) you earn less profit.
A market in which a single firm can produce, at a lower cost than multiple firms, the entire quantity of output demanded is called:
A. price gouging. B. diseconomies of scale. C. government intervention. D. a natural monopoly.
The main source of revenue for the U.S. federal government is
a. personal income taxes b. corporate income taxes c. sales taxes d. borrowing on financial markets e. revenue from the sale of government goods and services
The Court will block proposed horizontal and vertical mergers when
a. there are many firms in the market b. economies of scale exist c. junk bonds are involved d. the stock market is doing poorly e. high market concentration already exists