Which of the following factors would shift the supply curve for ice cream to the right?
a. a new cooling technology emerges
b. the price per unit increases
c. the number of producers in the market for ice cream increase
d. Both A&C
d
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The only type of business that faces limited liability is a corporation
Indicate whether the statement is true or false
John Smith leaves his job in New York to go to California in hopes of finding a better one. If John Smith is unemployed while searching for a job in California, economists would consider him to be
A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) naturally unemployed.
Medicaid is the most expensive program that the government runs that provides benefits to the poor.
A. True B. False C. Uncertain
Which of the following statements is true?
a. Exports tend to decrease economic efficiency. b. A nation should specialize in producing a good in which it has an absolute advantage. c. A nation should specialize in producing a good only when it has both an absolute and a comparative advantage. d. A nation should specialize in producing a good in which it has a comparative advantage. e. International trade does not reflect the benefits of specialization.