Most unemployment insurance benefits are not paid to poor people or even to people who are at high risk of becoming poor
Indicate whether the statement is true or false
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As a result of firms leaving the perfectly competitive frozen yogurt market in the early 2000s, the market
A) supply curve shifted leftward. B) supply curve did not change. C) demand curve shifted rightward. D) supply curve shifted rightward. E) demand curve shifted leftward.
According to the Hotelling Principle, the price of an nonrenewable resource
A) falls slowly over time. B) falls at a rate equal to the interest rate. C) rises at a rate equal to the interest rate. D) remains constant over time.
In 2015, Hooverville consumed 205,000 tons of sugar. In 2016, sugar consumption rose to 245,000 tons. Calculate the percentage change in sugar consumption
A) 8.37% B) 11.95% C) 19.51% D) 26.33%
When a firm competes in a competitive market with some market power, the profit maximizing level of employment occurs where?
a. MRP=MRC b. ATC=ATR c. VC=FC d. there is no optimal level of employment