The U.S. Postal Service has a monopoly over first-class mail service because
A) the government has granted this agency a public franchise.
B) stamps are copyrighted.
C) stamps are trademarked.
D) stamps are patented.
E) it owns a vital resource, namely all mailboxes.
A
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What is the difference between a supply schedule and a supply curve?
What will be an ideal response?
When a payroll tax is enacted, the wage received by workers
a. falls, and the wage paid by firms rises. b. falls, and the wage paid by firms falls. c. rises, and the wage paid by firms falls. d. rises, and the wage paid by firms rises.
Figure 10-18
Given the shift of the aggregate demand curve from AD1 to AD2 in , the real GDP and price level (CPI) in long-run equilibrium will be
a.
$10 billion and 200.
b.
$4 billion and 150.
c.
$10 billion and 150.
d.
$10 billion and 100.
Suppose a nation has a total population of 50,000,000. Out of that, 50% are in the labor force and 23,000,000 people are employed. What is the nation's unemployment rate?
A) 4.0% B) 8.0% C) 12% D) 14%