Unemployment insurance typically replaces a worker's full earnings.
Answer the following statement true (T) or false (F)
False
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Budget deficit is the amount by which the government’s expenditures exceed its receipts during a specified period of time, usually a year.
Answer the following statement true (T) or false (F)
"A market is said to be perfectly competitive when consumers can tell that some products are of better quality than others." Do you agree or disagree? Why?
What will be an ideal response?
Based on scientific nutritional studies, in most countries an income of $1 a day does not provide sufficient food, shelter, and clothing to live. Under these conditions the medical risk of death is high. This statement is:
A. a subjective statement. B. a normative statement. C. a positive statement. D. an art-of-economics statement.
Monopolies that price discriminate do so because
A. it keeps them out of trouble with the government. B. it is more efficient. C. they can increase their profits. D. they are able to do so and no one else can.