Unemployment insurance programs provide benefits to permanently unemployed people
a. True
b. False
Indicate whether the statement is true or false
False
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When the cost of producing a unit of a good decreases as its output rate increases, there are economies of
A) scale. B) scope. C) production. D) size.
If 50 units are sold at a price of $20 and 80 units are sold at a price of $15, what is the absolute value of the price elasticity of demand? Use the midpoint formula
A) 0.17 B) 0.62 C) 1.62 D) 5
Excess reserves equal
A) total reserves less required reserves. B) required reserves less total reserves. C) total reserves plus required reserves. D) required reserves divided by total reserves.
Economic activities primarily directed toward creating or developing new ideas and new technology are called
A. technological diffusion. B. the information revolution. C. innovative activities. D. technological competition.