Refer to the table below. In the long run the firm should use plant size ATC-3 for what level of output?
Plant sizes get larger as you move from ATC-1 to ATC-4.
A. Less than 3000
B. 3000 to 3500
C. 4000 to 4500
D. 5000 to 5500
C. 4000 to 4500
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A political candidate promises voters more funding for AIDS research and child care and assures them they will not have to sacrifice any other goods or services to obtain the additional programs.
A. This may be possible if the economy has unemployed resources. B. This is possible only in a fully employed economy. C. This is possible if the economy is producing on its production possibilities curve. D. None of the choices are possible.
In a country with a working-age population of 200 million, 140 million people are employed and 20 million are unemployed. The size of the labor force is
What will be an ideal response?
During the 20th century and into the 21st, the U.S. net international investment position has
A. been consistently negative. B. gone from negative to positive and back to negative. C. been consistently positive. D. gone from positive to negative and back to positive.
A public utility is a classic example of:
A. a natural monopoly. B. perfect competition. C. an oligopoly. D. monopolistic competition.