Which of the following factors may lead to an underestimation of the significance of unemployment when evaluating the overall unemployment rate?
a. Involuntary full-time employment
b. An increase in the number of military personnel
c. Discouraged workers
d. An increase in the number of people under the age of 16
e. A decrease in the number of institutionalized people
C
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All else constant, an improvement in technology would cause a firm's total, average and marginal product functions to increase (graphically, shift up)
Indicate whether the statement is true or false
Suppose Always There Wireless serves 100 high-demand wireless consumers, who each have a monthly demand curve for wireless minutes of QdH = 200 - 100P, and 300 low-demand consumers, who each have a monthly demand curve for wireless minutes of QdL = 100 - 100P, where P is the per-minute price in dollars. The marginal cost is $0.25 per minute. Suppose Always There Wireless charges $0.25 per minute. If Always There Wireless charges the highest fixed fee that it can without losing the low-demand consumers, what are the profits from sales to each of the low-demand consumers?
A. $9.38 B. $28.13 C. $153.13 D. $1.00
When there is political instability in another country, the United States can expect
A) an increase in the capital account balance due to an increase in the current account. B) an increase in the capital account balance due to the movement of assets to the U.S. C) a decrease in the balance of payments due to a decrease in special drawing rights. D) a decrease in the balance of payments due to a decrease in the demand for goods and services.
An import quota will ordinarily raise the price of the good in the importing country.
Answer the following statement true (T) or false (F)