Which of the following would indicate the beginning of a recessionary phase in an economy?
a. Many new firms starting up
b. Stock prices improving
c. Businesses slowing down
d. Demand for real estate picking up
e. Orders for new equipment increasing
c
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Which of the following is an example of a common pool resource?
A) a lighthouse B) burritos C) a high school football game D) redwood forests
A successful cartel must divide the market among its members to prevent members'
A) marginal cost from exceeding their individual marginal revenues. B) output from decreasing. C) prices from rising above the cartel price. D) selling costs from rising.
The natural rate of unemployment consists of frictional unemployment plus cyclical unemployment
Indicate whether the statement is true or false
Which of the following statements is true about public goods?
a. They are always produced by the government. b. The market-determined output is efficient. c. The government can hire a private entity to produce a public good. d. Nonexcludability is sufficient condition for a good to classified as a public good.