The lower the amount of unemployment benefits citizens receive, the
A) higher the wage people must be offered before they accept a job.
B) the longer people search for jobs.
C) higher the opportunity cost of job search.
D) the higher the natural unemployment rate.
E) lower the opportunity cost of job search.
C
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The law of diminishing marginal utility helps explain: a. why most individual demand curves are straight lines. b. why most supply curves slope upward
c. why most individual demand curves slope downward. d. why marginal utility falls when total utility falls.
Which of the following tools of commercial policy yields a revenue to the government?
a. Quota b. Tariff c. Export subsidy d. Government procurement policy e. Health and safety standards
Here is a consumption function: C = C0 + MPC(Yd). If consumption is $2,000, MPC =0.75, and disposable income is $2,000, what does autonomous consumption equal?
A) $950 B) $3,500 C) $500 D) $4,500 E) none of the above
An increase in production costs will shift? the:
A. aggregate demand curve.' B. shortrun aggregate supply curve. C. longrun aggregate supply curve. D. none of the above.