Recall the Application about the impact Chinese imports have on U.S. labor markets to answer the following question(s).According to this Application, those communities that were more exposed to imports had larger increases in workers receiving:
A. food stamps.
B. unemployment insurance.
C. disability payments.
D. All of these
Answer: D
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Use the following graph for the federal funds market to answer the next question.
If the Fed wants the federal funds rate to be at if1, what quantity of reserves do they need to make available to banks?
A. Qf1 B. Qf2 C. Qf3 D. It cannot be determined with the information given.
The above figure definitely shows
A) a long-run equilibrium for a monopolistically competitive firm. B) an industry with few firms. C) a long-run equilibrium for a perfectly competitive firm. D) a long-run equilibrium for a perfectly competitive market. E) a short-run equilibrium for a monopoly.
The graph above shows cost curves for a perfectly competitive firm. If market price is $3, how much profit will the firm earn?
A. -$400 B. $200 C. $400 D. -$200
Andy is offered the following two income scenarios: (1) earn $10,000 the first year, $12,000 the second year, and $15,000 the third year or (2) earn $15,000 the first year, $12,000 the second year, and $10,000 the third year. Which is the rational option?
A. Option 1 B. Option 2 C. Neither even though option 2 is better than option 1. D. Neither; the options are the same.