An increase in unemployment insurance benefits will:
A. increase job search efforts of unemployed workers.
B. decrease the demand for labor.
C. increase the demand for labor.
D. decrease job search efforts of unemployed workers.
Answer: D
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For the unregulated, single-price monopoly shown in the figure above, when its profit is maximized, output will be
A) 4 units per year and the price will be $6. B) 4 units per year and the price will be $4. C) 6 units per year and the price will be $4. D) None of the above answers is correct.
The unregulated, single-price monopolist illustrated in the figure above will produce
A) 0 units per day. B) 4 units per day. C) 6 units per day. D) 9 units per day.
In the endogenous growth model, workers divide their time between market work and
A) accumulating physical capital. B) accumulating human capital. C) trying to invent new production processes. D) work at home.
Other things remaining the same, an increase in the price of butter can be expected to
A) increase margarine sales. B) decrease margarine sales. C) increase butter sales. D) None of the above