Government policy under neoclassical theory should deal with
a. frictional unemployment.
b. cyclical unemployment.
c. natural unemployment.
d. all forms of unemployment.
c. natural unemployment.
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Under the cartel, the price is 
Figure 42.2
A. P1. B. P2. C. P3. D. 0.
Refer to the table below. According to the table, Julia has the absolute advantage in: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. pies. B. cakes. C. neither pies nor cakes. D. both pies and cakes.
The statement "The unemployment rate for teens is higher than that for adults" is
A) a political statement. B) a positive statement. C) a normative statement. D) an ethical statement.
A monopsonist can choose the ____________, while a monopolist can choose the ___________
a. price it will charge; wage rate it will pay b. wage rate it will pay; price it will charge c. price for its output; quantity it will produce d. marginal product of labor; marginal cost of labor e. number of competitors; number of buyers