A zero percent unemployment rate
A) is the only efficient unemployment rate.
B) is one of the economic goals of the Canadian government.
C) is not consistent with the notion of full employment.
D) was last achieved during World War II when everyone was willing to work at the going wage rate to end
the war.
E) would alleviate scarcity
C) is not consistent with the notion of full employment.
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Suppose Brandon's benefit function for water is S(W) = W2. Brandon is:
A. risk averse. B. risk neutral. C. risk loving. D. There is not enough information to answer this question.
Which of these contributes to the existence of monopoly power?
A. A continuously decreasing long-run average cost curve B. Possession of a patent C. Control over essential output D. All of these responses are correct.
Savings and money market accounts are not included in:
A. M1. B. M2. C. M3. D. L.
An example of a good or service that would count in the U.S. GDP would be a bag of coffee made in:
A. Canada by Starbucks. B. Vermont by Green Mountain Coffee Roasters. C. Colombia by Dunkin' Donuts. D. All of these would count in U.S. GDP.