The Dodd-Frank bill is new financial regulation
Indicate whether the statement is true or false
True
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Based on the model, the price at the efficient equilibrium is
Consider the following model for the production of refined oil: MSC = 10 + 0.5Q; MEC = 0.3Q; MSB = 30 – 0.3Q; MEB = 0. a. PE = $18 b. PE = $22.50 c. PE = $20 d. PE = $40
Jamaal lost his job when a mechanical device replaced people with his skills. If Jamaal's skills are non-transferable, he would be considered to be structurally unemployed
Indicate whether the statement is true or false
Compared to older workers with several years of experience with one firm, newly hired young workers typically
A. are likely to stay with their job longer. B. tend to earn more than their experienced colleagues. C. have more on-the-job training. D. have more experience. E. have higher turnover.
Total product begins to fall when:
A. average product is below zero. B. marginal product is maximized. C. marginal product is zero. D. average product is negative.