In what year did the economy return to normal conditions following the Great Depression?
A) 1933
B) 1937
C) 1941
D) 1945
D
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In the above table, the inflation rate between 2012 and 2013 is approximately
A) 0.9 percent. B) 1 percent. C) 10 percent. D) 100 percent.
For a natural monopoly, if price is set equal to marginal cost then the firm incurs an economic loss
Indicate whether the statement is true or false
Which of the following forms of unemployment probably imposes the greatest personal costs?
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) voluntary unemployment.
A farmer receives a producer surplus of $100 for 10 tons of wheat. If the price he was willing to receive was $200 for the 10 tons of wheat, then the market price of 10 tons of wheat was $300
a. True b. False Indicate whether the statement is true or false