The average tariff on imports into the United States is less than 5 percent.
Answer the following statement true (T) or false (F)
True
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The Business Cycle Dating Committee, a part of the ________, officially decides when a recession begins and ends
A) National Bureau of Economic Research B) federal government C) Bureau of Labor Statistics D) Federal Reserve
Holding other factors constant, building an on-line job database to help workers find jobs would likely
A) reduce cyclical unemployment and the natural rate of unemployment. B) reduce structural unemployment and the natural rate of unemployment. C) reduce frictional unemployment and the natural rate of unemployment. D) increase the natural rate of unemployment.
In a repeated prisoners' dilemma game
A) the players act sequentially. B) the outcomes are the same as in a static prisoners' dilemma game. C) firms' choices are not influenced by their opponents' actions. D) cooperation may result if the game is played indefinitely.
With ______ returns to scale, production is most efficient if there is ______.
A. decreasing; a single producer B. increasing; a large number of producers C. constant; a single producer D. increasing; a single producer