If a firm is experiencing diseconomies of scale, then the long-run average cost curve is
A) falling.
B) rising.
C) horizontal.
D) shifting.
B
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In the United States in 2014, the percentage of people who received health insurance through a government program was about
A) 10%. B) 16%. C) 36%. D) 64%.
Which of the following is a final good or service?
A. Coffee grounds you use to make your coffee every morning B. Coffee grounds used by a coffee shop to make your coffee every morning C. Coffee grounds used by Edy's to make coffee ice cream D. None of these is a final good or service.
The exchange of goods and services directly without money is called:
a. creative destruction. b. barter. c. arbitration. d. currency trade. e. illegal trade.
Yuan recently completed his college degree and is entering the labor market for the first time. He has been submitting applications and has been interviewed twice in the last two weeks, but so far has not found a job. Yuan would be classified as
a. frictionally unemployed b. seasonally unemployed c. structurally unemployed d. cyclically unemployed e. not yet in the labor force