Which of the following would be the best government public policy to battle unemployment?
a. Minimize recessions
b. Maximize unemployment payments
c. Maximize unemployment insurance duration
d. Minimize labor unions
a. Minimize recessions
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Efficiency involves:
a. producing only one out of many possible commodities. b. producing output using the least amount of labor. c. producing as far inside the production possibilities frontier as possible. d. getting the maximum possible output from available resources. e. producing output using the least amount of capital.
The potential for profit-increasing false advertising is greatest for which of the following goods?
A) disposable diapers B) a refrigerator C) laundry detergent D) spray window cleaner
In which of the following market structures are entry barriers the highest?
A. Monopolistic competition. B. Perfect competition. C. Oligopoly. D. Monopoly.
Assuming a long-run aggregate supply curve, an increase in the money supply results in ________ in output and ________ in price level.
A. a decrease; a decrease B. an increase; no change C. a decrease; no change D. no change; an increase