Technological change or the effects of automation cause
a. structural unemployment.
b. frictional unemployment.
c. seasonal unemployment.
d. cyclical unemployment.
a
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A perfectly competitive firm's profit per unit of output equals
a. price minus average variable cost b. price minus marginal cost c. total revenue minus total cost d. price times quantity e. price minus average total cost
The market mechanism provides a financial incentive for firms to minimize the pollution they create
a. True b. False Indicate whether the statement is true or false
In the Coen Brothers' movie The Hudsucker Proxy the board of directors picks someone to run the company who they believe will make poor decisions. If things turn out as they plan,
a. the price of a share of stock in the Hudsucker corporation should decline as the demand for shares falls. b. the price of a share of stock in the Hudsucker corporation should rise as the demand for shares rises. c. the price of a share of stock in the Hudsucker corporation should decline as the supply of existing shares falls. d. the price of a share of stock in the Hudsucker corporation should rise as the supply of existing shares rises.
Compounding:
A. is beneficial to borrowers, but costly to savers. B. is beneficial to savers, but costly to borrowers. C. is costly to both borrowers and savers. D. is beneficial to borrowers and savers alike.