Which of the following will most likely cause a decrease the natural rate of unemployment?
a. an increase in the minimum wage
b. an increase in unemployment benefits
c. an increase in experienced workers aged 25 and over as proportion of the labor force
d. an increase in the labor force participation rate of teenagers
C
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The above figures show the market for HD televisions. If the price of the LCD screens used to produce these televisions falls, which figure shows the effect of this change in price?
A) Figure A B) Figure B C) Figure C D) Figure D E) None of the figures represent this change.
When producing a good creates pollution, an external cost, and the government imposes a tax equal to the marginal external cost, then
A) the amount of output moves farther away from the efficient amount. B) transaction costs will be high. C) the efficient amount of the good will be produced. D) property rights must have already been established.
The slope of an indifference curve reveals:
A) that preferences are complete. B) the marginal rate of substitution of one good for another good. C) the ratio of market prices. D) that preferences are transitive. E) none of the above
A software design company wants to pursue a platform strategy. Which of the following strategies is the firm likely to want to adopt?
a. Focus on softening rivalry b. Encourage complementary innovation c. Encourage substitute innovation d. All of the above