Because women have a longer average life span than men, they pay
A) more for health insurance.
B) less for health insurance.
C) more for life insurance.
D) less for life insurance.
D
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The above table gives the demand schedule for Billy Bob's BBQ ribs. The demand for Billy Bob's ribs over the price range of $1 per pound to $3 per pound is
A) perfectly elastic. B) elastic. C) unit elastic. D) inelastic.
One explanation for the increase in the natural rate of unemployment in 2010 was a mismatch between the skills of the American labor force and the skills that the modern job market demanded
a. True b. False Indicate whether the statement is true or false
The costs of "crowding-out" are most obvious when the economy is
A. at full employment. B. experiencing creeping inflation. C. mired in a deep recession. D. adjusting to a demobilization following a war.
Graphically, economies to scale are illustrated by
A) a downward sloping long-run average cost curve. B) a horizontal long-run average cost curve. C) an upward sloping long-run average cost curve. D) a long-run average cost curve that is shaped like an upside down U.