________ unemployment is most closely associated with periods of falling GDP
A) Frictional B) Cyclical C) Structural D) Voluntary
B
Economics
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A food company trying to increase its profits by expanding in to the soft drinks business is an example of
a. Economies of scale b. Economies of Scope c. Diseconomies of Scale d. Diseconomies of Scope
Economics
The cost of producing an additional unit of a good is not the same as the average cost of the good
a. True b. False Indicate whether the statement is true or false
Economics
When economic profits are positive, accounting profits could be:
A. negative. B. zero. C. positive. D. All of these are possible.
Economics
All of the following are noncontrollable government expenditures EXCEPT
A. unemployment benefits. B. Medicare. C. Social Security. D. national defense spending.
Economics