The unemployment rate rises any time there is an increase in the number of unemployed persons
a. True
b. False
Indicate whether the statement is true or false
False
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In the above figure, if the market price is $100 per ton, then the firm's producer surplus on the second ton of wheat is
A) $25. B) $50. C) $75. D) $100.
A positive network externality associated with a good:
A. is not associated with the value of a good in any way. B. yields more intrinsic value than without it. C. yields more extrinsic value but less intrinsic value from its consumption. D. results in less intrinsic or extrinsic value.
Fast food restaurants produce a range of menu items such as hamburgers, chicken sandwiches, salads, and french fries. What fundamental economic question are they addressing by offering this range of items?
A) How to produce goods that consumers want? B) Why produce a variety of menu items? C) What to produce? D) Who to produce the menu items for?
A policy in which the money supply is kept growing at a constant rate regardless of the state of the economy is
A) a Taylor rule. B) a discretionary policy. C) a policy rule advocated by monetarists. D) advocated by activists.