Providing unemployment insurance is one way a government can
A) create public-works programs. B) break up monopolies.
C) enforce rules of exchange. D) reduce economic uncertainty.
D
You might also like to view...
A statistical technique used to isolate the individual effects of a number of factors on a single outcome is called
A) the audit method. B) regression analysis. C) statistical discrimination. D) taste-based discrimination.
Most economists believe that a zero rate of unemployment
A) is obtainable with the correct monetary policy. B) would result in a better functioning economy. C) is inconsistent with a well-functioning economy. D) is obtainable only if the inflation rate is also zero.
Answer the following statements true (T) or false (F)
1) All else equal, if a firm has complex input specifications, it is likely cost saving for the firm to buy the input for another firm. 2) All else equal, if a firm's long-run average cost curve increases as more of an input is produced and the firm requires a large quantity of the input, it is likely cost saving for the firm to buy the input from another firm. 3) All else equal, if a firm needs a small quantity of an input, it is likely to be cost saving for the firm to make the input. 4) If a firm has a long-run average cost of $4 when it produces 5,000 units of an input and has a long-run average cost of $2 when it produces $12,000 units, the firm is experiences economies of scale. 5) All else equal, the more of an input a firm needs per year, the more likely that the net present value from making the input internally is positive.
Average total cost and average variable cost are minimized at the same level of output.
Answer the following statement true (T) or false (F)