According to some economists and policy makers, the solution to Spain’s high youth unemployment is to
a. reduce government-mandated wages, which would allow it to reduce government spending.
b. increase government-mandated wages, which would allow it to reduce government spending.
c. increase government-mandated wages, which would allow it to increase government spending.
d. reduce government-mandated wages, which would allow it to increase government spending.
a. reduce government-mandated wages, which would allow it to reduce government spending.
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Suppose a price-taking firm produces 400 units at its optimal output level. At that output rate marginal cost is $200, average total cost is $240, and average variable cost is $170 . What can you determine about the market price that would force the firm to shut down in the short run?
a. It equals $200. b. It is between $170 and $240. c. It is less than $170. d. It is between $170 and $200. e. It equals $240.
Which of the following is most likely to help the residents of a nation produce more goods and services and achieve higher income levels?
a. Higher tax rates. b. A higher rate of investment. c. A smaller trade sector. d. Greater use of taxation to transfer income from the rich to the poor.
The crowding-out effect is likely to be the strongest during periods of
a. recession. b. large budget surpluses. c. high employment. d. expanding money supply.
Because the statistic called the standard deviation measures the volatility of a variable, it is used to measure the return of a portfolio
a. True b. False Indicate whether the statement is true or false