The United States economy is
a. the third largest in the world.
b. larger than all other national economies combined.
c. second largest in the world, behind Japan.
d. largest in the world.
d
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An increase in unemployment benefits ________ and an increase in international competition that changes the location of jobs ________
A) increases frictional unemployment; increases structural unemployment B) increases structural unemployment; decreases frictional unemployment C) decreases cyclical unemployment; decreases cyclical unemployment D) decreases cyclical unemployment; increases cyclical unemployment E) decreases structural unemployment; decreases cyclical unemployment
Refer to the scenario above. If you lend $30,000 to your friend for 30 years, you will receive ________ when he repays the amount after 30 years
A) $552,604.62 B) $523,482.07 C) $1,521,725.58 D) $3,620,025.01
In the short run a perfectly competitive firm will
A) never shut down. B) shut down if P < ATC. C) shut down if P < AVC. D) shut down if P > AFC.
In the above figure, the movement from point C to point A is the result of
A) a decrease in the price of coffee. B) an increase in the price of coffee. C) a decrease in the price of gasoline. D) an increase in the price of gasoline.