Why is it impossible for the unemployment rate to be zero?
a. There will never be more jobs than workers in an economy.
b. There will always be people who quit or are fired.
c. There will always be some form of inflation occurring.
d. There will never be more workers than jobs in an economy.
b. There will always be people who quit or are fired.
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Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 100 and that it is 150 in country B.) In country A, total business income after immigration occurs is:
A. $320M
B. $720M
C. $650M
D. $1,200M
The marginal benefit of the pollution abatement curve
A) has a zero slope. B) has a positive slope. C) slopes upward. D) slopes downward.
In the above figure, the long-run equilibrium price and output are
A) $10 and 10. B) $10 and 12. C) $7 and 8. D) $8 and 10.
A firm can stay in business while taking a loss in the short run as long as it covers its
A. fixed costs. B. variable costs. C. fixed and variable costs. D. A firm can never stay in business when it experiences losses.