Command-and-control approaches to reducing pollution can be criticized on the grounds that they may be all of the following EXCEPT
A. inflexible.
B. overly expensive.
C. politically unpopular.
D. counterproductive.
Answer: C
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Even if two competitive firms in the same market have different production technologies, they will each earn long-run zero profits. Why?
What will be an ideal response?
The measurements of business cycles tend to be exaggerated as a result of the GDP treatment of
a. services. b. perishable goods. c. government services. d. durable goods.
Government action can cause a shift in
A. demand only. B. supply only. C. neither supply nor demand. D. either supply or demand.
The unemployment rate reported by the Bureau of Labor Statistics includes all of the following type of unemployment with the exception of
A. cyclical unemployment. B. structural unemployment. C. frictional unemployment. D. hidden unemployment.