The economists discussed in the Application found that states where unemployment benefits ________ grew ________ than in other states
A) increased; slower B) decreased; slower C) increased; faster D) decreased; faster
D
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The only requirement for short-run equilibrium is that the economy must be on the aggregate supply curve
a. True b. False
The marginal revenue that would be derived from production of the second unit would be
A. $20.
B. $18.
C. $16.
D. $14.
The ways in which the global financial and economic crisis of the 2000s resembles the crises in developing countries in the 1980s and 1990s include all of the following EXCEPT
A. Contagion made the crisis worse B. Borrowers relied on short-term funding C. Fixed exchange rates encouraged financial activity exposed to exchange-rate risk D. Overlending and overborrowing played a key role
What is the difference between a public franchise and a public enterprise?
A) A public franchise grants a firm the right to be the sole legal provider of a good or service. A public enterprise refers to a service that is provided directly to consumers through the government. B) A public enterprise grants a firm the right to be the sole legal provider of a good or service. A public franchise refers to a service that is provided directly to consumers through the government. C) A public enterprise is owned by the public through its holdings of shares of stock in the enterprise. A public franchise is a firm owned by the government. D) Both refer to a service provided directly to consumers through the government, but "public franchise" is a term more commonly used in the United States while "public enterprise" is more commonly used in European countries.