If the graph shown represents Suzi's budget constraint, what can be said about hairbands?
A. They cost twice as much as earrings.
B. They cost half as much as earrings.
C. Suzi likes hairbands more than earrings.
D. Suzi is willing to pay twice as much for hairbands.
B. They cost half as much as earrings.
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Use the table below to answer the following question.PriceQuantity Supplied$101089684726Over the $8 to $6 price range, supply is
A. zero. B. unit-elastic. C. elastic. D. inelastic.
Actual unemployment can fall below the natural rate of unemployment due to
A) negative cyclical unemployment. B) structural unemployment. C) frictional unemployment. D) all of the above.
In the figure above, if the firm is regulated using a marginal cost pricing rule, the deadweight loss created is equal to the area of
A) ABG. B) BEFG. C) BCFG. D) BCE. E) None of the above because there is no deadweight loss created.
The following data describe government spending and revenue
(a) How much is the budget deficit? (b) How much is the primary budget deficit? (c) How much is the full-employment budget deficit? (d) How much is the current deficit? (e) How much is the current primary deficit?