The goal of the firm, according to economists, is to
A) stay in business for as long as possible.
B) sell as many units of the good it produces as possible.
C) grow as large as possible.
D) make as much economic profit as is possible.
D
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In a dynamic economy, there will always be some frictional unemployment
Indicate whether the statement is true or false
"As part of the financial crisis bailout plan in 2009, the Federal Reserve bought stakes in banks. This policy will result in an increase in the inflation rate." This is an example of
A) a positive statement. B) a normative statement. C) a microeconomic statement. D) an economic model.
The unemployment rate in the United States is typically lower than in Western Europe because the United States has tougher requirements for the unemployed to receive government payments
Indicate whether the statement is true or false
While limited in their practical applications, the real value of the Pareto criteria is in allowing the public interest to be judged without making interpersonal utility calculations
a. True b. False