For a firm in a perfectly competitive market, the price of the good is always
a. equal to marginal revenue.
b. equal to total revenue.
c. greater than average revenue.
d. equal to the firm's efficient scale of output.
a
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The advice to "go back to school to get retrained in a different field" would be most appropriate for which of the following types of unemployment?
A) frictional B) structural C) cyclical D) intentional
Which of the following are taxpayers not allowed to deduct from taxable income?
a. state income taxes b. local income taxes c. property taxes d. interest on auto loans
One of the most important changes in the composition of the labor force in the United States has been
a. the major increase in the number of women who work outside the home. b. the drop in the number of men who only work part-time. c. the steady decline in the number of women who work. d. the increase in the ratio of male workers to female workers. e. the major increase in the number of men who work away from the home or farm.
________ U.S. president(s) who has/have held office since GATT was signed has argued for free-trade policies, yet each one has used his powers to protect various sectors of the economy.
A. Only one B. Every C. No D. Only 3