Public employees (more frequently than private employees) tend
A. to participate in defined contribution programs.
B. to begin and end their career with the same employer.
C. to fall for Ponzi schemes.
D. to have well-funded private savings plans.
Answer: B
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Which of the following is not a characteristic of a perfectly competitive market?
a. There is a large number of small firms. b. Firms sell a homogeneous product. c. Firms can easily enter or exit the market. d. Firms are price makers, not price takers.
A $25 government subsidy paid directly to buyers of jeans will result in
a. a downward shift in the demand curve for jeans by $25. b. an upward shift in the demand curve for jeans by $25. c. a downward shift in the supply curve for jeans by $25. d. an upward shift in the supply curve for jeans by $25.
The LM curve will shift to the right, if there is a(n):
A) decrease in money supply. B) increase in real money demand. C) increase in money supply. D) increase in output.
If the marginal cost curve is below the average total cost curve, average total cost must be ____.
Fill in the blank(s) with the appropriate word(s).