When workers and employers take time to find the right skills match for a job, what type of unemployment results?
a. cyclical
b. frictional
c. seasonal
d. structural
b. frictional
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A profit-maximizing monopolist that produces in the short run will
a. produce the level of output where marginal revenue exceeds marginal cost by the largest amount b. increase output as long as the marginal revenue exceeds the marginal cost of producing that unit c. produce the level of output where average total cost is at a minimum d. increase price as long as the average revenue exceeds the average total cost e. produce the level of output where average revenue exceeds average total cost by the largest amount
________ policy focuses on the nation's money supply, while ________ policy aims at changing the underlying structures or institutions of the economy.
A. Monetary, fiscal B. Monetary; structural C. Fiscal, structural D. Fiscal, monetary
The four-firm concentration ratio for the cigarette market is 93%. This means that:
A. the four largest firms in the market produce 93% of the total market output. B. the market is an oligopoly. C. there is a high degree of concentration in the cigarette market. D. All of these
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If seven drones are produced, total variable costs are
A. $14.29. B. $21.43. C. $50. D. $100.