When the unemployment rate equals the natural unemployment rate, most likely the economy is producing
A) on the production possibilities frontier.
B) within the production possibilities frontier.
C) beyond the production possibilities frontier.
D) either on or within the production possibilities frontier.
E) either on or beyond the production possibilities frontier.
A
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Which of the following determines whether a firm will earn higher revenues when it raises its price?
A. The price elasticity of demand. B. Government regulation of the industry. C. The cost of the firm's inputs. D. None of the above, because companies always earn higher revenues when they increase price.
A _____ puts the assets of two corporations under a common management
a. acquisition b. vertical integration c. merger d. proxy fight
Which of the following observations regarding economic goods is incorrect? a. They are limited in supply
b. They are desirable. c. They are solely low-priced essential goods. d. They are scarce goods created from scarce resources
The number of tomato producers is of no consequence to people who enjoy eating tomatoes
Indicate whether the statement is true or false