Joaquín is trying to raise support for a referendum that would improve the environment but diminish local manufacturing jobs by 5 percent. How could he use positive framing to encourage voters to support the referendum?
a. Argue that the environment is infinitely more important than a mere 5 percent of jobs.
b. Point out that even if no action is taken, local manufacturing jobs will decline eventually anyway.
c. Emphasize that the bill will save both the environment and 95 percent of local manufacturing jobs.
d. Introduce another referendum that would improve the environment by 5 percent but diminish local manufacturing jobs by 95 percent.
c. Emphasize that the bill will save both the environment and 95 percent of local manufacturing jobs.
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Refer to Figure 15-2. If the firm's average total cost curve is ATC2, the firm will
A) suffer a loss. B) break even. C) make a profit. D) face competition.
For the firm's cost minimization problem, one of the key assumptions for each input is that:
A) marginal product is constant. B) marginal product is increasing at a decreasing rate. C) marginal product is increasing at an increasing rate. D) marginal product is decreasing at an increasing rate.
The owners of professional sports teams, such as those in the NFL, make collective decisions and agreements about sharing merchandising and television revenue, adding or disallowing expansion teams, and the scheduling of games. These decisions and agreements reflect that of a
a. monopoly b. cartel c. conglomerate firm d. vertical merger e. competitive industry
A change in the supply of labor, all else remaining the same, will shift the short-run aggregate-supply curve
a. True b. False Indicate whether the statement is true or false