Figure 4.4 illustrates the supply of tacos. An increase in the price of ground beef, which is used to make tacos, would most likely cause a movement from:
A. point a to point b.
B. point c to point b.
C. S2 to S1.
D. S0 to S1.
Answer: C
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Structural unemployment exists because something is holding wages
A) naturally high. B) artificially high. C) naturally low. D) artificially low.
Screening is when someone takes action to:
A. reveal one's own private information. B. find out the opportunity cost of acquiring more information. C. reveal private information about someone else. D. None of these statements is true.
Production requires savings because production takes time, during which goods and services are not available from current production
Indicate whether the statement is true or false
Of all federal receipts (tax receipts and borrowing) about _____ comes from the payroll tax.
Fill in the blank(s) with the appropriate word(s).